NEW PROVIDENCE, NJ – State aid to the New Providence School District has increased by $282,336 from the amount the board expected to receive and factored into its 2018-2019 budget earlier this year.
Board Administrator James Testa said, “We are grateful for the additional aid. Hopefully it will continue to grow.”
The new total in state aid to New Providence is $1,445,115. The district received $1,056,815 in state aid for the 2017-2018 school year. Now the question is what to do with the extra money.
There are various options to consider, including whether to return it to the taxpayers immediately, return it as part of next year’s budgeting process, or increase this year’s budget, among other options.
The Board of Education will discuss the matter when it holds its next meeting at 7:30 p.m. Thursday, July 26, at New Providence High School, 35 Pioneer Drive, in the high school media center.
The agenda for the meeting will be published on the district website tomorrow afternoon.
The district was notified by the New Jersey Department of Education of additional funding earlier this month.