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Title: Understanding New Jersey's school funding formula: The role of adjustment aid
Contributors: Farrie, Danielle
Luhm, Theresa
Johnson, Monete
Keywords: Public schools—New Jersey—Finance
Educational equalization—New Jersey
Issue Date: Sep-2015
Publisher: Education Law Center
Place of Publication: Newark, N.J.
Description: 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, presented in detail below, 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. 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.
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Appears in Collections:Monographic reports and papers (Publicly Accessible)

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