CHATHAM, NJ - Superintendent Dr. Michael LaSusa confirmed that the School District of the Chathams will receive an additional $168,130 in state aid for the upcoming school year, it was announced Monday night at the regular meeting of the board of education.
The additional funds represent an eight percent increase for Chatham as a result of the recent budget deal struck between Senate President Stephen Sweeney and Gov. Chris Christie.
The state aid figure that was used in the 2017/2018 budget was $2,003,490. The additional aid is $168,130 for a grand total of $2,171,260.
LaSusa explained that the tweak to the state aid formula will take money from districts deemed to be over-funded and move it to schools that were underfunded, such as Chatham, which has seen its enrollment continue to rise each year.
LaSusa talks about the additional state aid Chatham received from the new budget deal
Board president Jill Critchley Weber talks about how the extra $168,130 in state aid will be used
LaSusa reported that Chatham enrollment is now approximately 4,179, slightly lower than the 4,185 at the same time last year. However, he expects the number to rise throughout the school year, which it did last year. There were 4,231 students in the district when school ended June.