Governor Phil Murphy

Thomas P. Costello/Asbury Park Press via USA TODAY NETWORK

Revised school funding formula released in New Jersey

The Murphy Administration has released new state aid numbers for more than 500 school districts.

July 13, 2018 - 4:14 pm
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TRENTON, NJ (KYW Newsradio) -- The Murphy Administration has released new state aid numbers for more than 500 school districts. And it demonstrates how the governor is doling out money to growing districts long underfunded by the state.
                
The $8.5 billion package hammered out as part of the budget adds $68 million more for districts like Kingsway Regional in Gloucester County, where population has steadily increased but state aid has remained flat.
                
Until now.
                
Superintendent Dr. Jim Lavender says their $2.1 million bump is what he calls a great first step.
                 
"We've been part of this conversation for a decade or so," Lavender told KYW Newsradio. "Aside from getting all of it in one shot, this is pretty much what we anticipated."
                
Kingsway is at 58% of full funding from Trenton and Lavender expects the numbers to continue to go up over the next six years.
                
While districts like Kingsway are seeing their aid go up, others are losing a bit. Washington Township, for example, is taking a half million dollar hit this year but will still get more than $48.5 million in state aid.