New York is projected to spend $36,293 per student in the 2024–25 school year, nearly double the national average.
In 2023–24, the state spent $35,095 per student on elementary and secondary education, based on budgeted totals.
New York’s spending has consistently led the nation, driven by rising salaries, pension costs, and expanded state aid. The Citizens Budget Commission reports a 21% increase in per-student costs since the 2020–21 fiscal year when New York City’s per-pupil spending reached $35,914, the highest among major US districts.
The increase in per-student costs is funded through a combination of local property taxes, state aid programs, and federal aid. New York school districts are budgeted to spend $89 billion on public education in the 2024–25 school year, covering classroom instruction, student services, facilities, and administration. Despite leading the nation in spending, New York ranks in the middle of the pack on national assessments.
In July 2025, Mayor Eric Adams also announced $80 million in new early childhood and literacy investments in New York City.
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