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