Education A State Capitals Roundup

Budget Would Hold Line on N.J. School Spending

By Catherine Gewertz — March 28, 2006 1 min read
  • Save to favorites
  • Print

New Jersey Gov. Jon S. Corzine has proposed a fiscal 2007 state budget that calls for nearly level funding of direct aid to school districts.

The $30.9 billion budget proposal for fiscal 2007, unveiled March 21, is the new Democratic governor’s attempt to manage a projected $4.8 billion shortfall, one of the worst in recent years.

The total proposed budget for fiscal 2007 is 9.2 percent larger than the current year’s. But it includes $3 billion in reductions and restrained growth, as well as new fees and taxes.

The deep deficit forced “anguishing” choices, including holding funding almost steady for the K-12 school aid formula, the governor said in documents detailing his plan.

The $10.4 billion proposed for precollegiate education for fiscal 2007 would provide a 10.6 percent increase over the current year’s $9.4 billion. But most of the increase is earmarked for contributions to teacher pension funds.

Direct aid to districts would rise from this year’s $7.48 billion to $7.58 billion in fiscal 2007.

A version of this article appeared in the March 29, 2006 edition of Education Week

Events

Ed-Tech Policy Webinar Artificial Intelligence in Practice: Building a Roadmap for AI Use in Schools
AI in education: game-changer or classroom chaos? Join our webinar & learn how to navigate this evolving tech responsibly.
Education Webinar Developing and Executing Impactful Research Campaigns to Fuel Your Ed Marketing Strategy 
Develop impactful research campaigns to fuel your marketing. Join the EdWeek Research Center for a webinar with actionable take-aways for companies who sell to K-12 districts.
This content is provided by our sponsor. It is not written by and does not necessarily reflect the views of Education Week's editorial staff.
Sponsor
Privacy & Security Webinar
Navigating Cybersecurity: Securing District Documents and Data
Learn how K-12 districts are addressing the challenges of maintaining a secure tech environment, managing documents and data, automating critical processes, and doing it all with limited resources.
Content provided by Softdocs

EdWeek Top School Jobs

Teacher Jobs
Search over ten thousand teaching jobs nationwide — elementary, middle, high school and more.
View Jobs
Principal Jobs
Find hundreds of jobs for principals, assistant principals, and other school leadership roles.
View Jobs
Administrator Jobs
Over a thousand district-level jobs: superintendents, directors, more.
View Jobs
Support Staff Jobs
Search thousands of jobs, from paraprofessionals to counselors and more.
View Jobs

Read Next

Education Briefly Stated: March 13, 2024
Here's a look at some recent Education Week articles you may have missed.
9 min read
Education Briefly Stated: February 21, 2024
Here's a look at some recent Education Week articles you may have missed.
8 min read
Education Briefly Stated: February 7, 2024
Here's a look at some recent Education Week articles you may have missed.
8 min read
Education Briefly Stated: January 31, 2024
Here's a look at some recent Education Week articles you may have missed.
9 min read