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Administration's presentation on education school aid in its 'Budget in Brief' published with Governor Christie's Budget Message
ࡱ > 2 4 1 bjbj 4$ r $ j D D Y @gu ^ o 0 h j 8 D D : Education (pp. 40-41, Budget in Brief for Fiscal Year 2011 [To find the BIB, go to NJ Department of Treasury homepage. Actual State Aid to Education figures may be found on p. 71 of the BIB.]Aid to School DistrictsDuring fiscal 2010, New Jersey used $1.057 billion of the $1.33 billion in federal fiscal stabilization stimulusfunding as part of the American Recovery and Reinvestment Act of 2009 (ARRA) to pay aid to school districts that had been provided by the State in prior years. Little thought was given to how this funding would be replaced in fiscal 2011. In addition to the growth needed to replace the one-time federal funding, the budget model for fiscal 2011 anticipated $670 million of growth in aid distributed through the School Funding Reform Act (SFRA) of 2008; $280.3 million of growth for school construction; $42 million for Extraordinary Special Education Aid; and $18 million for school building debt service aid. The total amount of new state education aid programmed into the model for the fiscal 2011 Budget was $1.8 billion, representing 16% of the total budget gap for the year.Because the funds dont exist to replace the loss of federal funding and to pay for the increases anticipated by the school funding formula, State aid to school districts is being reduced. School districts will see a reduction in formula aid equal to no more than 4.99% of their original 2009-2010 General Fund budgets. Even with this reduction, schools should be able to provide a high quality education for children, given New Jerseys continued generous spending on schools compared to other states.In addition, the State will continue to pay for the costs of teachers pensions, post-retirement medical benefits and Social Security payments. Funding for Extraordinary Special Education Aid is proposed at $154.99 million. While this represents an increase from $140.095 million appropriated in fiscal 2010, it is approximately 15% below the amount that had been programmed into the Fiscal 2011 Budget.Non-public school aid will be reduced by 15%, from $93.53 million to $79.503 million.Funding will remain flat for General Vocational Aid while there will be a slight increase in funding to schools for the cost of educating students without a known district of residence.Funding for Adult Education and for the Educational Information Resource Center will be eliminated.School Facilities ProjectsA 15% reduction will be taken in all categories of debt service aid. Districts that have received financing fortheir projects through the Economic Development Authority (EDA) will be assessed an amount representing15% of their proportionate share of the fiscal 2011 principal and interest payments on the outstanding bonds issued for the program.Preschool Education AidThere will be no expansion of the preschool education program.After School CareState support for New Jersey After 3 will end. New Jersey After 3 is a private, nonprofit organization dedicated to improving after-school opportunities.School Aid(In Millions)Adjusted FY 2010FY11 BudgetState $ ChangeFormula Aid $ 6,873.5 $ 6,848.8 $ (24.7)Preschool Education Aid 5 96.1 613.3 1 7.2Nonpublic School Aid 9 3.5 79.5 (14.0)Extraordinary Special Education Aid 1 40.1 155.0 1 4.9Adult Education 1 0.0 - (10.0)Growth Impact - Payment Changes (21.5) 1 09.0 130.5School Building Aid 99.3 81.3 (18.0)Debt Service Aid 62.9 5 6.1 (6.8)Assessment of EDA Debt Service - (21.8) (21.8)Other Aid 5 9.1 5 9.7 0.6Total State Aid to School Districts $ 7 ,913.0 $ 7 ,980.9 $ 6 7.9Federal Aid to School DistrictsFormula Aid - ARRA $ 1 ,056.9 $ - $ (1,056.9)Direct State Payments for EducationTeachers' Pension and Annuity Fund $ 95.6 $ 3 6.1 $ (59.5)Post Retirement Medical 7 75.5 823.1 4 7.6Debt Service on Pension Obligation Bonds 1 22.3 132.1 9 .8Teachers' Social Security 7 64.1 791.5 2 7.4Total Direct State Payments Education $ 1,757.5 $ 1 ,782.8 $ 2 5.3School Construction/Renovation Fund $ 403.0 $ 547.2 $ 144.2Total School Aid $ 11,130.4 $ 1 0,310.9 $ (819.5) 4 g k % d w + ; = H N W Y K ŷŷŷŷq_q_q_P_P_P_ h)6 h 9 CJ OJ QJ aJ "h)6 h 9 5CJ OJ QJ
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ࡱ > 2 4 1 bjbj 4$ r $ j D D Y @gu ^ o 0 h j 8 D D : Education (pp. 40-41, Budget in Brief for Fiscal Year 2011 [To find the BIB, go to NJ Department of Treasury homepage. Actual State Aid to Education figures may be found on p. 71 of the BIB.]Aid to School DistrictsDuring fiscal 2010, New Jersey used $1.057 billion of the $1.33 billion in federal fiscal stabilization stimulusfunding as part of the American Recovery and Reinvestment Act of 2009 (ARRA) to pay aid to school districts that had been provided by the State in prior years. Little thought was given to how this funding would be replaced in fiscal 2011. In addition to the growth needed to replace the one-time federal funding, the budget model for fiscal 2011 anticipated $670 million of growth in aid distributed through the School Funding Reform Act (SFRA) of 2008; $280.3 million of growth for school construction; $42 million for Extraordinary Special Education Aid; and $18 million for school building debt service aid. The total amount of new state education aid programmed into the model for the fiscal 2011 Budget was $1.8 billion, representing 16% of the total budget gap for the year.Because the funds dont exist to replace the loss of federal funding and to pay for the increases anticipated by the school funding formula, State aid to school districts is being reduced. School districts will see a reduction in formula aid equal to no more than 4.99% of their original 2009-2010 General Fund budgets. Even with this reduction, schools should be able to provide a high quality education for children, given New Jerseys continued generous spending on schools compared to other states.In addition, the State will continue to pay for the costs of teachers pensions, post-retirement medical benefits and Social Security payments. Funding for Extraordinary Special Education Aid is proposed at $154.99 million. While this represents an increase from $140.095 million appropriated in fiscal 2010, it is approximately 15% below the amount that had been programmed into the Fiscal 2011 Budget.Non-public school aid will be reduced by 15%, from $93.53 million to $79.503 million.Funding will remain flat for General Vocational Aid while there will be a slight increase in funding to schools for the cost of educating students without a known district of residence.Funding for Adult Education and for the Educational Information Resource Center will be eliminated.School Facilities ProjectsA 15% reduction will be taken in all categories of debt service aid. Districts that have received financing fortheir projects through the Economic Development Authority (EDA) will be assessed an amount representing15% of their proportionate share of the fiscal 2011 principal and interest payments on the outstanding bonds issued for the program.Preschool Education AidThere will be no expansion of the preschool education program.After School CareState support for New Jersey After 3 will end. New Jersey After 3 is a private, nonprofit organization dedicated to improving after-school opportunities.School Aid(In Millions)Adjusted FY 2010FY11 BudgetState $ ChangeFormula Aid $ 6,873.5 $ 6,848.8 $ (24.7)Preschool Education Aid 5 96.1 613.3 1 7.2Nonpublic School Aid 9 3.5 79.5 (14.0)Extraordinary Special Education Aid 1 40.1 155.0 1 4.9Adult Education 1 0.0 - (10.0)Growth Impact - Payment Changes (21.5) 1 09.0 130.5School Building Aid 99.3 81.3 (18.0)Debt Service Aid 62.9 5 6.1 (6.8)Assessment of EDA Debt Service - (21.8) (21.8)Other Aid 5 9.1 5 9.7 0.6Total State Aid to School Districts $ 7 ,913.0 $ 7 ,980.9 $ 6 7.9Federal Aid to School DistrictsFormula Aid - ARRA $ 1 ,056.9 $ - $ (1,056.9)Direct State Payments for EducationTeachers' Pension and Annuity Fund $ 95.6 $ 3 6.1 $ (59.5)Post Retirement Medical 7 75.5 823.1 4 7.6Debt Service on Pension Obligation Bonds 1 22.3 132.1 9 .8Teachers' Social Security 7 64.1 791.5 2 7.4Total Direct State Payments Education $ 1,757.5 $ 1 ,782.8 $ 2 5.3School Construction/Renovation Fund $ 403.0 $ 547.2 $ 144.2Total School Aid $ 11,130.4 $ 1 0,310.9 $ (819.5) 4 g k % d w + ; = H N W Y K ŷŷŷŷq_q_q_P_P_P_ h)6 h 9 CJ OJ QJ aJ "h)6 h 9 5CJ OJ QJ
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