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Cuomo budget includes $25.5 billion in school aide, cannabis regulations

Posted 1/21/20

Gov. Andrew Cuomo on Tuesday afternoon released his proposed 2020-2021 state budget that includes $28.5 billion in school aid and a proposition to legalize marijuana, among many other proposals. A …

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Cuomo budget includes $25.5 billion in school aide, cannabis regulations

Posted

Gov. Andrew Cuomo on Tuesday afternoon released his proposed 2020-2021 state budget that includes $28.5 billion in school aid and a proposition to legalize marijuana, among many other proposals.

A news release from Cuomo's office said the $28.5 billion for schools will represent an $826 million increase, with 85 percent of the Foundation Aid increase going to the highest-need districts.

"To further prioritize poorer schools and ensure education equity, the Governor is proposing a new School Aid Funding Formula to properly distribute funds and build up underserved school districts," a release from Cuomo's office said.

Cuomo is also proposing "a comprehensive regulatory approach to legalize cannabis, creating a new Office of Cannabis Management to specialize in cannabis regulation - overseeing the medical, adult-use and hemp programs."

“The proposal will administer social equity licensing opportunities, develop an egalitarian adult-use market structure and facilitate market entry through access to capital, technical assistance and incubation of equity entrepreneurs. The proposal will also correct past harms to individuals and communities that have disproportionally been impacted by prohibition,” Cuomo’s office said.

The proposal limits the sale of cannabis products to adults 21 and over and establishes stringent quality and safety controls including oversight over the packaging, labeling, advertising and testing of all cannabis products.

These efforts will be done in coordination with neighboring states Connecticut, New Jersey and Pennsylvania. The governor will also propose creating a “first of its kind” Global Cannabis and Hemp Center for Science, Research and Education with SUNY and other expert partners, according to Cuomo’s office.

More about the several dozen proposals in Cuomo's executive budget can be read at https://on.ny.gov/2TJD7V2