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School Finance

2017-18 State Aid Summaries

School Funding Scenarios – FY2018
The aid amounts appropriated in the FY2018 State budget are described below. During the budget process, the Department received inquiries from legislators and education organizations regarding the outcome of alternative funding scenarios. In response to those inquires, the Department also included below, for informational purposes only, an additional funding scenario requested by the Legislature in April 2017.

Spreadsheet with district level detail of funding scenarios.

Governor's Budget Message Proposal for FY2018

In March 2017, the Governor released his FY2018 budget proposal including state aid to schools.  In total, almost $3.2 million in additional K-12 school aid was proposed to be distributed across New Jersey school districts in FY2018, bringing total K-12 state aid to schools to $8.07 billion, with no district seeing a decrease in funding.

Revised Total K-12 Aid for FY2018

With the passage of the FY2018 appropriations act, the scenarios spreadsheet was updated to include revised State aid amounts and released in July 2017. These match the allocations on the revised State aid notices distributed to districts, as reflected in the appropriations and language provisions included in the FY2018 Budget.  

Legislature's "Information Only" Model FY2018

The calculations under this scenario were developed in April 2017 at the request of the Legislature.  This scenario estimates what funding would look like for each district assuming the SFRA model were fully funded according to the specifications of the Legislature. The model uses the base amount, weights, and all other adjustments to the SFRA included in the FY2017 Educational Adequacy Report, but substitutes the weights for students who are at-risk, limited English proficient, or both with the weights requested by the Legislature. It is important to note that, because the formula allocations in this model are not prorated according to available state revenues, this scenario would require about $1 billion dollars in additional state funding compared to the state aid total appropriated in the FY2018 budget.