NYC Must Spend $700 Million to Cut Class Sizes (Correct)

New York City will need about $700 million more to comply with a state law to reduce school class sizes, the city’s Independent Budget Office said Tuesday.

The non-partisan budget watchdog estimated New York will have to hire an additional 6,900 teachers by the 2027-2028 school year and annually thereafter to comply with a 2022 state law that placed grade-specific limits on traditional public-school class sizes.

Overall, IBO estimates the city needs to hire 16,300 teachers at a cost of $1.5 billion to $1.7 billion to meet the limits. Accounting for what’s already available in the budget, the city needs ...