Assemblyman Avi Schnall announced that most school districts across the 30th Legislative District are slated to receive increases in K-12 state aid under Governor Mikie Sherrill’s proposed Fiscal Year 2027 state budget.
Under the state’s school funding formula, the largest increase a district can receive this year is capped at 6 percent, while any reduction is limited to a maximum of 3 percent. According to the preliminary aid figures, most districts in the 30th District will receive the full 6 percent increase, including Lakewood Township, Howell Township, Wall Township, Avon-by-the-Sea, and Belmar. Lake Como is also set to receive a 4.5 percent increase in aid.
Two districts — Freehold Regional High School District and Farmingdale School District — are projected to see reductions of 3 percent under the proposal, the maximum decrease allowed under the formula.
Overall, school districts in the 30th District would receive approximately $104.5 million in K-12 formula aid, an increase of roughly $2.57 million compared to the current fiscal year.
“I’m pleased to see that most school districts across the 30th Legislative District are receiving increased state aid under the proposed budget,” said Assemblyman Schnall. “For those that are seeing their state aid cut, I will continue fighting to increase their aid so that every child in our district has the opportunity to succeed.”
Thanks so much for applauding