Gov. Phil Murphy, Sen. John Bramnick, Assemblywoman Nancy Munoz and Acting Education Commissioner Angelica Allen-McMillan visited Chatham High School, highlighting one of the school districts that will benefit from the nearly $19.2 billion in funding for New Jersey schools in the Governor’s Fiscal Year 2023 budget plan. The budget proposal includes an additional $650 million in K-12 school aid, including a 14.12% ($531,187) funding increase for the School District of the Chathams.
“My administration is committed to strengthening our school system and providing every New Jersey child access to the quality education they deserve,” said Murphy. “Under my proposal, school districts like Chatham will be able to provide a world-class education to their students without passing additional costs along to local taxpayers.”
“Our legislative team has worked with the Governor’s office to make funding our schools a priority,” said Bramnick.
“This increased funding is going to benefit every teacher, administrator, parent and child who endured two years of unprecedented disruptions and challenges. I applaud them for their commitment and endurance and I am excited to celebrate this news,” said Munoz. “From property taxpayers to the children who need that extra academic support, this school funding for Legislative District 21 is a win for everyone.”
“Governor Murphy has been steadfast in his support for public education, and this is reflected in his budget proposal,” said Dr. Angelica Allen-McMillan, Acting Commissioner of Education. “This continued support will have a tangible impact on the lives of children throughout their time in school, and well after they graduate.”
In the FY2023 budget, every school district within the 21st Legislative District will similarly see an increase in state aid, with a total of more than $66.5 million in funding.
The FY 2023 budget proposal continues the seven-year phase-in to fully funding New Jersey’s school funding formula. This transition was required in a 2018 law, S2, designed to address inequities that had resulted from years of overfunding some districts while failing to adequately meet the needs of other growing districts. By adding $649.8 million in K-12 formula aid, the Governor is proposing to make the full scheduled phase-in for FY 2023.
District allocations of state aid for all New Jersey school districts may be found on the DOE’s School Finance webpage.