Commissioner John B. King, Jr. announced that SED intends to execute a contract with CTB/McGraw-Hill to develop a new New York State High School Equivalency Diploma assessment to replace the General Educational Development (GED) test. GEDTS, a new for-profit entity created by the American Council on Education and Pearson Incorporated, has announced plans that will double the cost of the exam in 2014. The Governor and Legislature must include an appropriation for the development of the new assessment in the State Budget. King said that, in the long run, CTB/McGraw-Hill’s new assessment will save the State money compared to the new pricing structure announced by Pearson.