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School Finance

2017-18 State Aid Summaries

School Funding Scenarios – FY2018

During this budget season, the Department has received inquiries from legislators and education organizations regarding the outcome of alternative funding scenarios.  To assist in informing the conversation, for informational purposes, the Department is making available an additional funding scenario.  Below are descriptions of the Governor's funding proposal and the additional scenario.

Spreadsheet with district level detail of funding scenarios.

Governor's Proposed Funding 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 will 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. Most districts will receive the same K-12 state aid as in FY2017, with increases to Choice and Host District Support Aid.

Legislature's Model

The calculations under this scenario result in an estimate of what funding would look like for each district assuming the SFRA model, as requested by the Legislature, were fully funded. This model is determined using 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 over $1 billion dollars in additional state funding compared to the Governor's proposed state aid.