The key issue discussed is why money for public schools is also reduced. Many of the proposed cuts will directly affect the day-to-day running of schools, with a hiring freeze, reductions in counseling, and declines in operating expenses, raising questions about whether schools will have all the tools they need to help students. catch up after months of missing person instruction. According to the "Essential Education Report in New York" according to de Blasio's proposal, the cuts and savings will reduce the education department's budget by 3% next year. If the mayor's proposal is approved, it would be the first time since 2013 that the city cuts overall spending on education. We also know that the mayor said his nearly citywide $ 90 billion spending plan is focused on increasing health, safety, food, and housing resources. Something that affects New York City is the economy. However, as economic projections become increasingly dire, even deeper reductions are possible. President Mark Cannizzaro said: "Mark Cannizzaro, president of the union representing school administrators, criticized the mayor's decision to cut school budgets. He noted that schools already receive about $ 700 million less than they are owed according to the formula of the city ". Compared to a very important point is that education money could only be spent on coronavirus related expenses and that additional teacher payment would be limited.
Another important point towards the economics of education in my opinion towards cuts in education is something that will affect many school buildings and that will not have the necessary economy to provide the necessary maintenance. In Accord with Cannizzaro, they said, "There are many other places we should look first," in other words he was practically saying that they could find other ways to make money, or they could get money from other companies, not money from education. Since what they are doing is affecting public schools in the first place since they are the ones that receive and function with the government's income. There is a very important point that is that they are not going to be paying the additional payment to the teachers, they are also affected by this problem of the school economy.