March 5 2024- New Jersey Governor Phil Murphy states that, for the first time in the state’s history, his administration is fully funding public school districts based on a formula established in 2008 to ensure equal access to education. However, under Murphy’s proposed budget, numerous school districts are expected to experience a reduction in funding. The funding for New Jersey schools involves a combination of state funding and property taxes, and the budget proposal raises questions about the allocation and impact on different districts. The complexity of the funding process is highlighted as efforts are made to balance budgetary considerations with the goal of equitable education.
https://www.cbsnews.com/amp/newyork/news/new-jersey-public-school-budget-formula/
