Public school funding would stay flat despite higher coronavirus costs under Murphy budget

While the 2020-21 school year will be an unprecedented one, the state will spend the same amount on K-12 schools as it did in 2019-20 school year, under Gov. Phil Murphy’s revised state budget proposal.

The $335 million spending increase for schools that was originally proposed during the budget address in February has been scrapped, the governor said Tuesday during his budget address at SHI Stadium at Rutgers University in Piscataway.

Under the reworked budget, school aid remains flat at $8.7 billion while continuing the phase-in of the updated school funding formula, the governor said.

The formula funding is part of Murphy’s $32.4 billion budget for the nine months beginning Oct. 1, including $4 billion in borrowing and $1 billion in new taxes.

In May, Murphy informed districts of the plan to slash the extra hundreds of millions in aid as the financial fallout of the coronavirus pandemic — including

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Ulster Bank plans to cut 266 jobs to reduce costs

a group of people walking on a sidewalk

© Niall Carson

ULSTER BANK HAS has confirmed that it plans to cut 266 jobs on the island in a bid to rein in costs.

The bank, a wholly-owned subsidiary of the London-listed NatWest Group, which employs 2,900 people in Ireland, has informed staff of a new restructuring plan.

It is understood that some 216 jobs are to be shed in the Republic and 53 in the North. Some 57 new roles will also be created, 29 in the south and 28 in the North.

Commenting, a spokesperson for the bank said, “We have announced the next phase of our programme to reduce our costs which includes operational changes and a reduction of 266 roles, which we aim to achieve on a voluntary redundancy basis, where possible.

“A small number of roles have also been created. We know this is difficult news for our colleagues and we are doing everything

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