NJ Announces $508 Million for School Construction
New Jersey’s School Development Authority has announced plans to use $508 million to help pay for construction projects in the majority of the state’s school districts.
The state said Wednesday that it will pay 100 percent of the costs in 31 lower-income districts and at least 40 percent of the costs in other districts for projects that address health and safety concerns and overcrowding.
Including the local districts’ contributions, the total costs of the projects is estimated at $1.1 billion.
The state’s portion of the funding comes from $3.9 billion in bonds the Legislature authorized in 2008 for school facilities projects.
Overall, more than 1,500 projects are planned in 331 districts.