The Lakewood School District is set to receive $27,541,324 in school aid from the state in Fiscal Year 2025 under Gov. Phil Murphy’s budget plan, details released Thursday show.
The figure marks a nearly $1 million increase, or 3.6%, over the state aid Lakewood received for its schools in the last budget season.
Jackson did not fare as well, with bureaucrats taking another sledgehammer to the school district’s finances. Murphy’s state aid budget calls for a cut of 16% in state funding for Jackson’s schools, which amounts to nearly $4.5 million in cuts.
Softening the blow for the district though was the work of Mayor Mike Reina and Jackson Councilmembers who, through discussions with Trenton bureaucrats, managed to recoup more than $2 million in state funding cuts.
