6-20-13 (Late morning), Trenton Budget Update: Fiscal Year 2013-2014
The State Budget bill, S3000, just passed out of the Senate Budget Committee, chaired by Senator Sarlo (Wood-Ridge)...Funding for the SDA Adjustment fees will be $7.4M (not the $13M reported in the media yesterday)- this increase, as stated by the Chair, ensures that no district will receive less school aid than received per last year's state school aid. Per the committee statements, $2M proposed for the Opportunity Scholarship aid and the $5M proposed for the Education Innovation Fund were removed from this final budget plan (S3000). Stay tuned for any further information, such budget language changes, that may still be forthcoming.
The State Budget bill, S3000, just passed out of the Senate Budget Committee, chaired by Senator Sarlo (Wood-Ridge)...Funding for the SDA Adjustment fees will be $7.4M (not the $13M reported in the media yesterday)- this increase, as stated by the Chair, ensures that no district will receive less school aid than received per last year's state school aid. Per the committee statements, $2M proposed for the Opportunity Scholarship aid and the $5M proposed for the Education Innovation Fund were removed from this final budget plan (S3000). Stay tuned for any further information, such budget language changes, that may still be forthcoming.