3/6/23 -Governor Murphy Highlights Fiscal Year 2024 Budget Plan to Increase Pre-K through 12 School Aid by $1 Billion, Grow the State’s Educator Workforce, and Promote the Success of New Jersey’s Students
- March 07 2023
- By: info@njcfe.org
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Governor Murphy Highlights Fiscal Year 2024 Budget Plan to Increase Pre-K through 12 School Aid by $1 Billion, Grow the State’s Educator Workforce, and Promote the Success of New Jersey’s Students
March 2, 2023 | nj.gov
Governor Phil Murphy and Acting Education Commissioner Angelica Allen-McMillan visited Montgomery Upper Middle School in Skillman today (3/2) to highlight the $20.5 billion in the Governor’s Fiscal Year 2024 budget proposal to support New Jersey schools. This funding will help grow New Jersey’s education workforce, support academic recovery, increase the availability of college-level courses in high schools, and advance the Governor’s goal of reaching universal pre-K.
The proposed budget will provide historic levels of School Aid, with an increase in $1 billion over the prior year for a total of $20.5 billion in school funding. This amount includes pre-K funding, pension and benefits funding for school staff, and an increase in $832 million in total K-12 formula aid.