Overall, formula aid to schools is increasing by $578 million. The winning districts share $770 million more, while others lose a combined $192 million.
Gov. Phil Murphy proposes a $44.8 billion budget for fiscal 2022, fueled by a surplus propped up by borrowing, that includes no new tax or fee increases.
Beach maintenance, boardwalk renovations plus an coming minimum wage increase all need to be funded, according to the mayors of Wildwood, North Wildwood and Wildwood Crest.
The report, which evaluates funding fairness and effectiveness under the state's School Funding Reform Act, suggests New Jersey was spending less aggregate personal income on K-12 education in 2018 than it was prior to the Great Recession.
TRENTON — Gov. Phil Murphy paid about $1 million in state and federal taxes in 2019 on roughly $2.7 million in income, according to a summary of his tax returns released by his office. Murphy worked as an executive at Goldman Sachs before he served as Barack Obama's ambassador to Germany and made the…