Power & Politics: Hofstra Exec. Dean of Suburban Studies, Real Estate Broker discuss Levittown growing pains; Billions of dollars missing from school funding

May 4, 2026 - 10:08

Hofstra University's Executive Dean of Suburban Studies, Larry Levy, recently appeared alongside real estate broker Chris Montalbano to discuss the mounting challenges facing Levittown, the iconic Long Island suburb that helped define post-war American living. The conversation zeroed in on two major issues: the community's struggle to adapt to modern demands and a staggering shortfall in school funding that has left billions of dollars unaccounted for.

Levy noted that Levittown, originally designed as a model of affordable housing for returning veterans, now faces infrastructure strain, aging homes, and a need for redevelopment that respects its historical character. Montalbano, drawing on his local market expertise, described how property values have shifted as younger families seek updated amenities and better schools, putting pressure on the original housing stock. The real estate broker emphasized that the town's layout, with narrow streets and small lots, makes large-scale renovation difficult.

The discussion took a sharp turn when the pair addressed the school funding crisis. Levy pointed to state and local budget reports indicating that billions of dollars meant for education have either been misallocated or are simply missing from district ledgers. This has led to overcrowded classrooms, outdated materials, and teacher shortages in a region that once prided itself on strong public schools. Montalbano added that the funding gap directly impacts home values, as families are increasingly reluctant to buy in districts with uncertain educational resources. Both speakers agreed that without transparent accounting and a renewed commitment from state officials, Levittown's growing pains could deepen into a long-term decline.