New Jersey to change school funding formula in 2008-09
April 3, 2007
Plan would address complaints from some districts that they don't get their fair share of aid.
The state of New Jersey will begin a new way to fund public schools for the 2008-09 school year. Gov. Jon Corzine had wanted a new school-funding formula in place in 2007-08 to help control the nation's highest property taxes, but the plan is still not ready. New Jersey sends a disproportionate amount of school funding to 31 needy school districts, which have 22 percent of the state's student population but get about 55 percent of state school aid. That has led to complaints from many suburban and rural schools that haven't seen aid increased in five years.
