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ERIC Number: ED570358
Record Type: Non-Journal
Publication Date: 2015-Sep
Pages: 23
Abstractor: ERIC
Reference Count: N/A
ISBN: N/A
ISSN: N/A
Understanding New Jersey's School Funding Formula: The Role of Adjustment Aid
Farrie, Danielle; Luhm, Theresa; Johnson, Monete
Education Law Center
The objective of this policy brief is to explain the purpose of adjustment aid in New Jersey's school funding formula and to correct several misconceptions about the level of aid and how it is distributed. The main conclusions include: (1) The amount of adjustment aid in the funding formula is currently overstated in the "informational" state aid notices published by the New Jersey Department of Education (NJDOE); (2) Correcting the base year from which adjustment aid is calculated would lower the total adjustment aid required from $754 million to $579 million; (3) Just over a third of total adjustment aid is allocated to the former Abbott districts; and (4) While about half of adjustment aid is allocated to above adequacy districts and contributes to spending above the levels required by the funding formula, the other half is allocated to below adequacy districts and helps fund schools in communities that are unable to raise their local share of the adequacy budget.
Education Law Center. 60 Park Place Suite 300, Newark, NJ 07102. Tel: 973-624-1815; Fax: 973-624-7339; e-mail: elc@edlawcenter.org; Web site: http://www.edlawcenter.org
Publication Type: Reports - Descriptive; Numerical/Quantitative Data
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: Education Law Center
Identifiers - Location: New Jersey