(TRENTON) – Speaker Craig Coughlin (D-Middlesex) issued the following regarding the signing of A-2, which makes changes to the state school funding formula promoting a more equitable distribution of school aid to New Jersey’s school districts:
“The current funding formula was simply no longer viable for New Jersey school districts. Basing funding on a formula without taking into account enrollment shifts was antithetical of the formula’s original intent. This law restores balance in the state’s school funding formula.
“Today, we begin a responsible and predictable schedule of school aid that reflects the needs of each district’s student population. Fairness is the goal. The days of ‘overfunded’ and ‘underfunded’ districts are numbered.”