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Today's Lead: Lack of Funds for NY's Schools

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The city missed out on $40 million in federal Race to the Top funds for failing to provide budget, timeline and personnel information. The city scored 186 out of a possible 210 points on its application. A number of points were lost simply for incomplete answers. Meanwhile, federal negotiations over the fiscal cliff could lead to $164 million in cuts to federal aid for programs for special-education and lower-income students in the state. In other related news, schools in New York's poor districts still lack basic resourcessix years after a landmark court ruling required the state to increase spending on public education.

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Today's Report

How Start Ups Could Benefit All

The benefits of the city's start up boom have been concentrated among those with technical and entrepreneurial skills, according to this report by the Manhattan Borough President's Office. The study offers ways the city could ensure that jobs in these industries are accessible to all.
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