Education Funding

Funding Formula Revised in N.J.

By Catherine Gewertz — February 05, 2008 1 min read
  • Save to favorites
  • Print

The following offers highlights of the recent legislative sessions. Precollegiate enrollment figures are based on fall 2006 data reported by state officials for public elementary and secondary schools. The figures for precollegiate education spending do not include federal flowthrough funds, unless noted.

Just before their 2007-08 legislative session ended in January 2008, New Jersey lawmakers approved a new school funding formula advocated by Gov. Jon Corzine. The governor, a Democrat, signed the measure shortly afterward, but the plan’s implementation is likely to be complicated by legal challenges. (“New Funding Formula in N.J. Faces Hurdles,” Jan. 16, 2008.)

Gov. Jon Corzine
Democrat
Senate:
22 Democrats
18 Republicans
House:
50 Democrats
30 Republicans
Enrollment:
1.4 million

The funding formula was the dominant education issue in the Garden State’s legislature in 2007. Other highlights included the addition of a county schools superintendent in each of the state’s 21 counties. Created by a law that took effect in April, the new “super superintendents” have broad power over the 616 local districts’ budgets, including line-item-veto authority and the right to review contracts for top administrators.

They also are obligated to submit consolidation plans, which would be subject to voter approval, including merging elementary or high school districts into K-12 districts. The county superintendents are nominated by the governor and confirmed by the state Senate. Not all had yet been nominated or confirmed by early 2008.

Gov. Corzine also signed into law last year a measure that places a 4 percent cap on how much a district can raise its local property-tax levy to pay for schools. Any proposed increase above that now requires a “supermajority” of 60 percent voter approval.

New Jersey legislators approved a fiscal 2008 budget of $33.5 billion, including $7.3 billion for precollegiate education, a 2.9 percent increase over the previous fiscal year.

See Also

See other stories on education issues in New Jersey. See data on New Jersey’s public school system.

A version of this article appeared in the February 06, 2008 edition of Education Week

Events

Artificial Intelligence Live Online Discussion A Seat at the Table: AI Could Be Your Thought Partner
How can educators prepare young people for an AI-powered workplace? Join our discussion on using AI as a cognitive companion.
Student Well-Being & Movement K-12 Essentials Forum How Schools Are Teaching Students Life Skills
Join this free virtual event to explore creative ways schools have found to seamlessly integrate teaching life skills into the school day.
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
Special Education Webinar
Bridging the Math Gap: What’s New in Dyscalculia Identification, Instruction & State Action
Discover the latest dyscalculia research insights, state-level policy trends, and classroom strategies to make math more accessible for all.
Content provided by TouchMath

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 Funding Rebuking Trump, Congress Moves to Maintain Most Federal Education Funding
Funding for key programs like Title I and IDEA are on track to remain level year over year.
8 min read
Photo collage of U.S. Capitol building and currency.
iStock
Education Funding In Trump's First Year, At Least $12 Billion in School Funding Disruptions
The administration's cuts to schools came through the Education Department and other agencies.
9 min read
Education Funding Schools Brace for Mid-Year Cuts as 'Big, Beautiful Bill' Changes Begin
State decisions on incorporating federal tax cuts into their own tax codes could strain school budgets.
7 min read
President Donald Trump signs his signature bill of tax breaks and spending cuts at the White House on July 4, 2025, in Washington.
President Donald Trump signs his signature bill of tax breaks and spending cuts, the One Big Beautiful Bill Act, at the White House on July 4, 2025, in Washington. States are considering whether to incorporate the tax changes into their own tax codes, which will results in lower state revenue collections that could strain school budgets.
Evan Vucci/AP
Education Funding Educator Layoffs Loom as Canceled Community Schools Grants Remain in Limbo
Three legal challenges and bipartisan backlash have followed the Trump administration's funding cuts.
5 min read
Stephon Thompson, an administrator at Stevenson Elementary School, directs students through the doors at the beginning of the school day in Southfield, Mich., on Feb. 28, 2024.
Stephon Thompson directs students through the doors at the beginning of the school day at Stevenson Elementary School in Southfield, Mich., on Feb. 28, 2024. The school has added on-site social services in recent years as a community school. The Trump administration has recently discontinued 19 federal grants that help schools become local service hubs for students and their families.
Samuel Trotter for Education Week