New York City schoolkids are back in the classroom and hitting the books, and come January, it’ll be time for Albany to do the same by making sure schools are finally getting the funding they deserve.

For decades, the state relied on outdated metrics to determine how much money to send to school districts. That finally changed this past spring when the state updated the Foundation Aid formula to meet today’s standards. The revisions replaced obsolete 2000 Census data, outdated wage information and antiquated poverty measures with more modern and relevant indicators. These were meaningful steps toward a fair funding system, but they didn’t go far enough.

Foundation Aid is the state’s main funding formula, and it’s meant to account for the unique needs of each school district. It’s based o

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