Princeton Schools Will Get More State Aid For 2024-25

PRINCETON, NJ — Good news for the Princeton Public Schools as the district is expected to get $477,449 more than last year in school aid from New Jersey as part of the latest state budget proposal.

In 2024, Princeton schools received $5,348,358; next year, the district is slated to receive $5,825,807. This is an 8.93 percent increase.

While Princeton will receive additional funding, Princeton's Business Administrator/Board Secretary Matt Bouldin clarified to Patch that the district must also take into account its payment to the Princeton Charter School.

"Our 'estimated' payment to Princeton Charter School (which we budget, and is estimated because in the end, it depends on actual weighted enrollments) will increase by $543,943," said Bouldin.

More than 60 school districts will see funding cuts in double-digit percentages, according to proposed district-by-district funding data published this week. Another 200-plus school districts are poised to see aid increases in the double-digit percentages.

During his annual budget address to legislators Tuesday, Gov. Phil Murphy noted the proposed plan includes the single largest investment in public education in state history. The budget would fully fund the state’s school funding formula for the first time, raising public school funding by $908 million to $11.7 billion. Read More: New NJ School Aid Amounts Released: Who's Getting More?

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