Trenton, NJ – Demonstrating the Christie Administration’s continued commitment for supporting public education in Monmouth County and across New Jersey, state aid figures for districts based on the proposed Fiscal Year 2014 Budget released today represents the largest appropriation of K-12 education dollars in the state’s history. The Governor’s proposed budget includes nearly $9 billion in state aid, an increase of $97.3 million over Fiscal Year 2013.

“Throughout my time in office I have continuously argued that in order to grow New Jersey’s economy we must invest in education, and my proposed budget is a reflection of my commitment to our educational system and communities in Monmouth County and across the state. The $3,157,850 increase to Monmouth County districts is part of a bold budget that continues to prioritize education and funds schools at the highest levels in New Jersey’s history,” said Governor Christie. “However, even as we continue to fund education at the highest levels in state history, we must remain willing to reflect on how we are spending our money and work towards solutions that make every dollar we invest count.”

The $97.3 million increase in education aid is the third year in a row of increases in education funding. On average, districts across the state will receive an increase of $75 per pupil. All districts will receive an increase in K-12 formula aid or maintain flat funding from the previous school year.

“New Jersey ranks in the top three in the country with its spending on public education and this year’s proposed budget continues that trend,” said Commissioner Cerf. “But it takes more than money to provide an effective education and we will continue to focus on ways to support our educators, districts and schools in order to ensure all of our students receive a high-quality education that prepares them for the expectations of college and careers in the 21st century."

In addition to the increases in aid, Governor Christie’s proposed budget also includes several new aid categories designed to provide additional funds to districts and students:

· The Education Innovation Fund: As part of Governor Christie’s continued commitment to creating high quality school options for all students, the budget provides $5 million for an Education Innovation Fund to incent innovation and reward success. The Fund will be used in two ways. First, a portion will be used to provide financial awards to schools and districts that have addressed achievement challenges. For example, awards might be given to the elementary school that achieved the biggest one year increase in third grade literacy for disadvantaged students, the district with the largest improvement in its attendance rate, or the high school with the biggest jump in its graduation rate.

The remaining portion of the fund would provide resources districts and schools that develop innovative solutions to address defined problem areas, such as low graduation rates, poor-performing special education students, or low scores in fourth grade mathematics. The Department would fund the best reforms and monitor their implementation and impact, ultimately identifying and bringing the most efficacious to scale statewide.

· Under-Adequacy Aid: The Governor’s budget includes a new category of aid to benefit districts that are currently 10% or more below their adequacy budget. Approximately $16.8m will be distributed to 131 districts across the state with districts receiving an average of approximately $128,000 each. Awards are capped at $500,000 for each eligible district.

· Supplemental Enrollment Growth Aid (SEGA): First signed into law last summer, the Governor’s proposed budget continues to provide additional aid to districts that experienced enrollment growth greater than 13% from October 2008 to October 2011. A total of $4.141 million will be provided to the 13 districts that received SEGA funding in Fiscal Year 2014.

· New Geographic Cost Adjustment (GCA): The Geographic Cost Adjustment is an index that is applied to each district’s adequacy budget in order to account for cost differences across the state. The GCA was revised using new data from the U.S. Census Bureau and made minor modifications to reduce variations by county.

· Funding For Opportunity Scholarship Grants: Acting on his belief that every New Jersey child deserves a high quality education regardless of zip code, Governor Christie’s proposed budget includes $2 million for scholarship grants to allow children in chronically failing schools to attend alternate educational placements. This pilot program will fill the gap and create opportunities for children with no other options.

· School Choice Aid: The Governor’s proposed budget continues to provide aid to districts that have been accepted into the Inter-district Choice Program. For the 2013-14 school year, 105 school districts will participate in the program, up from 70 during the 2012-13 school year. In total, $49 million is proposed in Fiscal Year 2014, an increase of $16 million from Fiscal Year 2013.

State Aid allocations by district can be found here: http://www.nj.gov/education/stateaid/1314/

Below is a list of funding to school districts in Monmouth County:

 

 

FY13 Total                       K-12 State Aid

Proj. FY14 Total               K-12 State Aid

Aid Diff (FY14-FY13)

County

District Name

MONMOUTH

ALLENHURST

47,545

47,685

140

MONMOUTH

ASBURY PARK CITY

55,195,430

55,360,170

164,740

MONMOUTH

ATLANTIC HIGHLANDS BORO

145,785

148,722

2,937

MONMOUTH

AVON BORO

172,384

172,384

0

MONMOUTH

BELMAR BORO

969,670

969,670

0

MONMOUTH

BRADLEY BEACH BORO

1,043,168

1,054,909

11,741

MONMOUTH

BRIELLE BORO

413,948

413,948

0

MONMOUTH

COLTS NECK TWP

978,968

978,968

0

MONMOUTH

DEAL BORO

1,878,436

2,128,420

249,984

MONMOUTH

EATONTOWN BORO

3,744,053

3,803,699

59,646

MONMOUTH

FAIR HAVEN BORO

404,094

404,094

0

MONMOUTH

FARMINGDALE BORO

758,642

777,636

18,994

MONMOUTH

FREEHOLD BORO

9,176,188

9,611,330

435,142

MONMOUTH

FREEHOLD REGIONAL

51,226,513

51,226,513

0

MONMOUTH

FREEHOLD TWP

4,123,288

4,123,288

0

MONMOUTH

HAZLET TWP

12,606,511

12,606,511

0

MONMOUTH

HENRY HUDSON REGIONAL

788,450

791,780

3,330

MONMOUTH

HIGHLANDS BORO

626,438

634,785

8,347

MONMOUTH

HOLMDEL TWP

1,777,056

1,777,056

0

MONMOUTH

HOWELL TWP

32,977,580

32,977,580

0

MONMOUTH

INTERLAKEN

52,523

60,636

8,113

MONMOUTH

KEANSBURG BORO

26,876,780

27,296,713

419,933

MONMOUTH

KEYPORT BORO

5,368,108

5,428,793

60,685

MONMOUTH

LITTLE SILVER BORO

294,704

294,704

0

MONMOUTH

LONG BRANCH CITY

41,795,235

42,090,461

295,226

MONMOUTH

MANALAPAN-ENGLISHTOWN REG

19,691,220

19,691,220

0

MONMOUTH

MANASQUAN BORO

566,928

566,928

0

MONMOUTH

MARLBORO TWP

11,503,607

11,503,607

0

MONMOUTH

MATAWAN-ABERDEEN REGIONAL

12,104,708

12,104,708

0

MONMOUTH

MIDDLETOWN TWP

17,511,412

17,511,412

0

MONMOUTH

MILLSTONE TWP

4,746,839

4,746,839

0

MONMOUTH

MONMOUTH BEACH BORO

147,304

147,304

0

MONMOUTH

MONMOUTH CO VOCATIONAL

8,056,645

8,056,645

0

MONMOUTH

MONMOUTH REGIONAL

3,290,589

3,337,306

46,717

MONMOUTH

NEPTUNE CITY

1,962,228

2,026,928

64,700

MONMOUTH

NEPTUNE TWP

32,427,811

32,632,789

204,978

MONMOUTH

OCEAN TWP

7,618,514

7,618,514

0

MONMOUTH

OCEANPORT BORO

424,298

427,875

3,577

MONMOUTH

RED BANK BORO

2,630,332

2,969,550

339,218

MONMOUTH

RED BANK REGIONAL

995,006

995,006

0

MONMOUTH

ROOSEVELT BORO

687,262

967,553

280,291

MONMOUTH

RUMSON BORO

361,693

361,693

0

MONMOUTH

RUMSON-FAIR HAVEN REG

420,006

420,006

0

MONMOUTH

SEA GIRT BORO

101,248

101,248

0

MONMOUTH

SHORE REGIONAL

426,679

426,679

0

MONMOUTH

SHREWSBURY BORO

226,157

226,157

0

MONMOUTH

LAKE COMO

586,016

586,016

0

MONMOUTH

SPRING LAKE BORO

182,975

184,594

1,619

MONMOUTH

SPRING LAKE HEIGHTS BORO

310,490

312,139

1,649

MONMOUTH

TINTON FALLS

3,529,233

3,529,233

0

MONMOUTH

UNION BEACH

8,331,310

8,331,310

0

MONMOUTH

UPPER FREEHOLD REGIONAL

4,980,505

5,456,648

476,143

MONMOUTH

WALL TWP

3,495,736

3,495,736

0

MONMOUTH

WEST LONG BRANCH BORO

265,495

265,495

0

TOTAL

401,023,743

404,181,593

3,157,850