State Aid for Parsippany School District Announced

The good news is the Parsippany-Troy Hills School District won’t lose any state aid for the 2015-2016 school year.

The bad news is it won’t gain any, either.

In what has become the expected norm during Governor Chris Christie’s term in office, state aid remained flat for both districts, as announced by the Department of Education after last week’s budget address.

And while no district in the state lost aid, the overall budget for New Jersey’s 595 school districts increased by $5,204,365, an average of $8,746.83 per school district. Overall, the $5.2 million bump is just .06-percent increase year-over-year in the $7,960,011,347 statewide budget.

In Morris County, just five school districts saw an increase in state aid: Boonton; Butler; Morris Hills Regional; Netcong; and Pequannock. It was Morris Hills Regional that claimed a veritable windfall, seeing an increase of $262,086. The other 34 districts in the county remained flat.

The Parsippany-Troy Hills School District will receive $4,619,082 for the 2015-16 school year, with a $69,790 line item for PARCC testing funding.

While that line item helps to fund the technology needed to conduct the standardized testing, those numbers aren’t in addition to last year’s total figure; rather, they’re just part of the same package year-over-year.

Each school district in New Jersey is tasked with keeping its year-over-year budget under a 2-percent tax levy cap increase, not including health and pension payments. Since the law was signed into action in 2010, neither school district has exceeded the cap. If a district does exceed the cap for any reason, the public is given the opportunity to vote on passing or denying the spending plan.

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