BROOKLYN - Education officials say New York lost a federal competition because the state legislature refused to pass charter school reform and develop a statewide data system.

New York State lost an estimated $700 million in federal aid after finishing 15th out of 16 finalists in a competition, known as race to the top, to receive federal aid. The results were announced on March 30.

Sources told News 12 education officials opposed charter school reform because teachers are historically against lifting a cap on the number of new charter schools created within the state.