Reform of school funding formula now law in N.J.

Reforms for public education will take seven years to fully implement.

David Madden
July 24, 2018 - 2:52 pm
Gov. Phil Murphy signs legislation on fairly and fully funding New Jersey public schools on Tuesday, July 24, 2018.

OIT/NJ Governor's Office via Flickr

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CLIFFSIDE PARK, N.J. (KYW Newsradio) — A new law reforming the way school districts across New Jersey are funded has been approved by Gov. Phil Murphy.

The bill — which proved to be the difference in approving the state budget — begins to correct a decade-long problem of some growing districts being short-changed while others with stable or shrinking enrollment held on to what was supposed to be temporary funding under earlier reforms. 

"We need to make sure the means of funding public education — the single largest investment in the budget and among the most important investments made by state government — works for today and tomorrow, not just yesterday," Murphy said at a bill signing event in Cliffside Park, New Jersey, a Bergen County community that long suffered under the finding disparity.

The Kingsway Regional School District in Gloucester County also had a similar dilemma, but led the effort to change the funding formula with the help of Senate President Steve Sweeney.

It'll actually take seven years to completely implement the necessary changes to get every district to all-approved state funding levels. Some districts that are losing money will be required to temporarily raise local taxes to make up the gap.