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Daas Yochid,
Amending the NY Constitution required approval of a majority of voters of the entire state AFTER approval of two consecutive legislative sessions. So if the legislature approved an amendment to allow government support of religious schools tomorrow, the earliest it could take effect would be the 2013-2014 school year.
Alternatively, a Constitutional Convention could be called; this was what was done in 1967 and in fact the Blaine Amendment seems to have been the single biggest issue they faced. This would have a similar time course.
But in any case you need voter approval — and no referendum in America has approved direct government funding for religious schools. Most such proposals have failed by landslide margins, as did the NY attempt in 1967. In most school districts in NY, there are ZERO Jewish religious schools so the idea of forcing voters in those districts to vote for religious school funding is ludicrious. Furthermore, the average cost of yeshiva tuition is probably greater than the marginal cost of an additional public school students.