State Aid to Red Bank Schools Up 12.9%

Red Bank Borough Public Schools will see a 12.9 percent increase in state aid, according to figures released by the New Jersey Department of Education on Thursday.

According to NJ Spotlight, Red Bank's increase makes it one of 30 districts in the state to receive an over 10 percent increase in funding from 2012-2013 to 2013-2014. Overall, the $8.7 billion in state aid announced for 2013-2014 marked a $97.3 million increase over last year.

Red Bank, which received $2.63 million last year, will receive nearly $2.97 million in 2013-2014.

Red Bank Regional's aid remained flat at $995,006, as did Shrewsbury's at $226,157.

The full aid numbers are listed below:

District: RED BANK BORO

K-12 2012-2013 Total Aid: $2,630,332
Equalized Aid: $1,399,215
Education Adequacy Aid: $0
Choice Aid: $0
Transportation Aid: $34,744
Special Education Aid: $665,749
Security Aid: $156,711
Under Adequacy Aid: $339,219
Supplemental Enrollment Growth Aid: $373,912
Adjustment Aid: $0
Additional Adjustment Aid: $0
K-12 2013-2014 Total Aid: $2,969,550
One Year Aid Change: $339,218
% Aid Change: 12.9%

District: RED BANK REGIONAL

K-12 2012-2013 Total Aid: $995,006
Equalized Aid: $89,062
Education Adequacy Aid: $0
Choice Aid: $0
Transportation Aid: $233,200
Special Education Aid: $518,148
Security Aid: $114,422
Under Adequacy Aid: $0
Supplemental Enrollment Growth Aid: $0
Adjustment Aid: $20,284
Additional Adjustment Aid: $19,890
K-12 2013-2014 Total Aid: $995,006
One Year Aid Change: $0
% Aid Change: 0%

District: SHREWSBURY BORO

K-12 2012-2013 Total Aid: $226,157
Equalized Aid: $0
Education Adequacy Aid: $0
Choice Aid: $0
Transportation Aid: $4,977
Special Education Aid: $211,500
Security Aid: $6,870
Under Adequacy Aid: $0
Supplemental Enrollment Growth Aid: $0
Adjustment Aid: $0
Additional Adjustment Aid: $2,810
K-12 2013-2014 Total Aid: $226,157
One Year Aid Change: $0
% Aid Change: 0%