As expected, in March 2019 Governor Murphy released his proposed fiscal year (FY) 2019/20 budget for NJ and it included a re-allocation of state education aid away from Jersey City. The impact to Jersey City was both expected and sobering: a $27 million cut in “Adjustment Aid”, a type of excess state aid that Jersey City has been receiving for the last 10 years to make up for anemically low local revenues.
For context:
I wrote about these expected cuts in previous posts here.
I wrote a bit about the school tax levy in this post earlier today.
I recently updated my “Property Tax Dashboard” to include 2018 data here; this shows the school tax levy for every city in NJ, thus gives a sense of how much (or how little) a town or city is supporting its public schools with local property taxes.
