Dive Brief:

• The New York State Board of Regents has submitted its requests for the next fiscal year, and an additional $2 billion in state education funding is chief among them.
• The 9% funding boost, which would potentially start in April, comes at a time when the state is expected to receive an extra $5 billion from settlements with banks.
• The extra dough could mean more intense budget negotiations this January, as the state is expected to have it's 2015-16 budget in place by March 31.

Dive Insight:

According to the Poughkeepsie Journal, the regents' proposal was unanimously approved and the biggest chunk of the request will be set aside for various districts. These funds would include $526 million in general aid and $597 million to make up for the Gap Elimination Adjustment cuts from the 2009 financial crisis.