Thursday, February 29, 2024

State School Aid - Fiscal Year 2025 K-12 State School Aid

Just saw the state school aid for 2024 (FY 2025):

By School District - Middlesex County:


 











Middlesex County:












Recognize that last year's school tax rate of 3.191 was erroneously overstated by $518,750 (should of been $3.184) by double counting the debt service and will further inpact this year's school tax rate by half of that $518,750 or $259,375, which brings the total overstatement of the school tax rate by $778,125.

Anyhoo, Edison is up another $20.9 million over last year's $73.5 million. Let's hope they $pend it wisely in their 2024-25 Preliminary School Budget due down to the County Super by March 20, 2024. They also might want to reschedule their March 21, 2024 meeting to approve the Preliminary School Budget due by March 20, 2024.