this week that includes a $834 million increase in formula aid for New Jersey’s K-12 schools for a total of $10.75 billion.
Statewide, 157 districts will see decreases in state aid funding, led by a $51 million drop in Jersey City, while 407 will see funding go up, led by a $114 million increase in Newark. Thirteen will not have any funding change, according to district-by-district breakdowns released by the state Department of Education on Thursday.
Funding for pre-K will also be increased $109 million as part of total $1 billion increase in education spending that includes pension and benefits payments, Murphy said during his fiscal 2024 budget address. If you purchase a product or register for an account through one of the links on our site, we may receive compensation.
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