3/5/24 – Governor Murphy Highlights Record School Funding Increase in Fiscal Year 2025 Proposed Budget Plan

Governor Murphy Highlights Record School Funding Increase in Fiscal Year 2025 Proposed Budget Plan

February 29, 2024 | nj.gov

 

Photo Credit: Gov. Phil Murphy (Edwin J. Torres/ Governor’s Office)

 

By adding $908 million in K-12 formula aid, the Governor is proposing to fully fund New Jersey’s school funding formula for the first time since it was established in 2009. This funding represents the single largest investment in the budget proposal.

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