TRENTON, NJ - There has been much speculation on the potential for a state government shutdown at the end of the month, as negotiations between Governor Philip Murphy and the New Jersey Legislature continue to be tense over the state budget. With nine days left in the fiscal year, there is still no agreement on the budget.
At issue are several of the governor's priorities, including the implementation of the millionaire's tax, which is opposed by Senate President Sweeney. Meanwhile, Sweeney recently introduced legislation to reform the school funding formula, another key point of contention that has been factoring into the budget negotiations.
The school funding reform proposal has been moving through the legislature at lightning speed: it passed the Senate and Assembly Budget Committees earlier this week, and passed the full Senate this Thursday. The proposal includes an additional $348 million overall for New Jersey schools over the current funding amount, and would increase school aid by 4.3% over fiscal year 2018, in a bill that delivers a total of $8.428 billion in school funding.
Hawthorne Schools would stand to gain among the largest percentage-wise increases for suburban Passaic County municipalities, with a 26.4% increase. The FY2018 state aid amount for Hawthorne currently is $2,401,936. Under the proposal, Hawthorne's share of state aid would rise to $3,036,150. Under Governor Murphy's school funding proposal within his budget, Hawthorne's state aid amount would see an increase of just 2.5%.
Neighboring boroughs would also stand to benefit from the school funding proposal, with North Haledon potentially seeing an increase of 4.7%, or state aid rise from $430,615 to $450,923. Haledon and Prospect Park could both see an increase of 5.0%, with Haledon's state aid rising from $7,205,174 to $7,565,433. Prospect Park's aid could rise from its current $8,225,747 to $8,637,034.
Manchester Regional High School, which serves students from North Haledon, Haledon, and Prospect Park, would see an increase of 28.1% in state aid, rising from $5,795,809 to $7,425,582.
Hey there, reader! Do you want to chime in? Submit a letter to the editor of TAPinto Hawthorne
Sign up to receive FREE TAPinto news in your email inbox: www.tapinto.net/enews
Follow TAPinto on Twitter: @TAPHawthorne
Like us on Facebook: https://www.facebook.com/TAPintoHawthorne/