- $131 million in additional aid for districts considered to be underfunded ($100 million in new funding, plus the reallocation of $31 million in adjustment aid from districts considered to be overfunded).
- Districts losing funds due to the reallocation of adjustment aid have their losses limited to the lesser of (1) adjustment aid included in the March state aid notices, (2) 20% of the amount in excess of uncapped aid, (3) 2% of state aid included in the March state aid notices, or (4) 1.5% of FY2017 the district’s general fund budget.
- Two-thirds of the $131 million will go to districts receiving less than 70% of what they should under the state formula, with the remaining one-third going to the districts that fall between 70-99% of their formula amount.
- The budget bill approved by the Legislature contained language authorizing the New Jersey Department of Education to provide loans to districts negatively affected by the $31 million reallocation. The governor removed specific references to “loans” and “interest” charged, giving the NJDOE greater discretion over repayment of the funds.
- Last week, the Office of Legislative Services issued a chart comparing each district’s total state aid under the legislature’s June 26 compromise with the amount under the governor’s original proposal. (The NJDOE Division of School Finance has not yet released a final school aid chart.)
- $25 million in additional extraordinary special education aid to help school districts pay for high-cost out-of-district placements required by a child’s individual education program. In 2016-17, the state reimbursed $170 million of the approximately $306.1 million requested by districts; a rate of 55%. This additional revenue will make $195 million available for reimbursement, an amount that should cover 64% of the expected reimbursement requests.
- $25 million in additional pre-school aid. Through his line-item veto power, the Governor removed language limiting these funds to 17 school districts. As a result, the NJDOE will have greater discretion as to which districts will receive such aid.
- $13.7 million in funding for security and technology in nonpublic schools
- $7 million for lead testing
- $3 million for grants to vocational schools to create career and technical education programs
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The New Jersey School Boards Association is a federation of the state’s local boards of education and includes the majority of New Jersey’s charter schools as associate members. NJSBA provides training, advocacy and support to advance public education and promote the achievement of all students through effective governance.