BRIDGEWATER, NJ - The Bridgewater-Raritan Regional School District may be losing just over $400,000 in state aid after the state has cut the original $336 million it had budgeted for state aid.
Bridgewater-Raritan was originally expected to receive $11,063,556 in state aid, as proposed in the state budget in February. Revised proposals released at the end of May, based on expected losses in state revenue due to coronavirus, lower the aid for the district to $10,632,093.
That is a decrease of $431,463 in state aid.
Business administrator Peter Starrs said the district has not yet received official notification of the loss in aid.
“The reason for the decrease is due to the financial implications of the pandemic at the state level,” he said. “So we are making plans to adjust our budget accordingly should and when we receive formal notification of the decrease.”
Starrs reiterated that nothing has been finalized yet.