In case you were not aware of the scenario, the NJ courts recently told Governor Christie and the NJ Department of Education that they had underfunded the schools in NJ. While this primarily meant underfunded the former Abbott district schools, we hoped it would have a trickle down affect on districts such as ours. We were right...
The NJ DOE and the Governor's Office have put millions back into the funding for NJ schools and we will be receiving a portion of that money. The final figures have not been verified yet, even though the Star-Ledger and Express-Times have published numbers.
The money that is listed in the paper is misleading... it does not reflect the debt service aid adjustment that the state continues to ask from us (now in its third year). This adjustment is money that they promised we would get for the renovations done to the building in 2004-2005. The give us money to offset the taxpayer impact each year. Over the last two years, and next year as well, they have asked for money back and they withhold it from our overall state aid! Not fair, but we live with it.
Further information about our final $ will appear on this blog after the board meeting that will be held on July 21st.
Till next time...
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