In the 2022-23 school year, the state takes its fifth step in its five-year transition back to its funding formula. More than 30% of districts are losing aid.
Federal education officials ordered New Jersey to restore millions of dollars in school funding cuts to as many as 81 school districts and charter schools.
The 2022 state budget appropriates $46.4 billion, including $6.9 billion toward pensions. There's no extra money toward NJ Transit or the school aid formula.
Gov. Phil Murphy’s proposed budget puts almost as much additional money into the school aid as the last five budgets combined – yet still drew criticism.