Formula4Success

What Would ‘Full Funding’ of School Aid Look Like? Add $2.3B to Districts

What Would ‘Full Funding’ of School Aid Look Like? Add $2.3B to Districts

http://www.njspotlight.com/stories/18/04/24/what-would-full-funding-of-school-aid-look-like-add-2-3b-to-budget/
NJ Spotlight – APRIL 24, 2018

Senate President Steve Sweeney — with what now appears to be a growing consensus in both chambers — has long advocated that the state start to move to meet the letter of the School Funding Reform Act of 2008, including the phasing out of caps that were added by the Legislature to deal with both sudden decreases and increases in aid.

The OLS estimate provides the numbers of what that would ultimately be needed for each district, both with and without the caps. And they are eye-opening to say the least, with some districts shown to be tens of millions of dollars under what the law dictates, and scores equally overfunded.

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