Gov. Phil Murphy has unveiled his Fiscal Year 2023 budget, which includes proposed funding for New Jersey’s public school districts during the 2022-23 academic year.
In terms of state aid, some school districts will see an increase in their support from Trenton, while some school districts will see their state aid continue to decrease, and others will have no change in their state aid.
The amount of state aid a school district receives helps to determine the amount of taxes a school board must raise from a municipality’s residential and commercial property owners to support the operation of a school district in an academic year.
For school districts that are scheduled to lose state aid in 2022-23, the impact of the reduction will become clear when school board members introduce their budgets for the upcoming academic year during the next few weeks and administrators explain how the loss of state aid will be accommodated in their budget.
According to information provided by the New Jersey School Boards Association, local school districts will see the following year-to-year changes in their state aid:
- Old Bridge School District – A decrease of $3.35 million from $32.2 million in 2021-22 to $28.9 million in 2022-23;
- Sayreville School District – An increase of $2.58 million from $33.2 million in 2021-22 to $35.8 million in 2022-23;
- South Amboy School District – An increase of $525,338 from $6.63 million in 2021-22 to $7.15 million in 2022-23.
Sayreville has seen an increase in state aid since the enactment of state legislation known as S-2 in 2018, while Old Bridge’s has decreased since S-2. South Amboy had flat state aid between 2020-21 and 2021-22.
