Brick, according to figures published by the state Department of Education today, will receive an increase in state funding for its school district.
The funding, which is subject to the adoption of a final budget by the state legislature, would increase by 2.1 percent, to $36,055,619. Last year, the district received $35,304,821 in state funding, but only after a budget battle that restored funding after a bipartisan deal threatened to reduce funding $2.1 million.
Most significantly, Brick will receive$14,213,519 in what is known as “adjustment aid,” funding that is provided to school districts whose tax rates are not high enough according to a state formula. This was the aid that was targeted last year in the budget deal hatched between then-Gov. Chris Christie and Sen. President Steve Sweeney. The reduction was eventually totally reversed.
Brick will also receive:
- $9,463,269 in equalization aid.
- $4,922,064 in transportation aid.
- $5,784,673 in special education aid.
- $1,672,094 in security aid.
Overall, state funding would increase by $750,798 under the proposal.
The state’s budget must be adopted by the end of the fiscal year, July 1.