Five years ago, New York City adopted a new funding formula, with great fanfare.

It was called, optimistically, “fair student funding.”

However, the New York Daily News released the results of its investigation and discovered that the new schools opened by the Bloomberg administration get full funding, but the struggling schools that the administration wants to close get budget cuts.

This is NOT fair funding. This is a conscious effort to cripple the schools that are already on the disabled list and to destroy them by underfunding them.

The fact that these schools enroll disproportionate numbers of high-needs students underlines the cruelty of this policy.

Expect to see a press release soon on the “success” of the mayor’s new schools.