Murphy Adjusts School Aid
Revised state aid figures for New Jersey public schools were issued Thursday evening by the state Department of Education, detailing how $335 million in funding promised in February will disappear due to the financial crunch brought on by the coronavirus pandemic. According to published revisions, Merchantville will lose $454,037, a decrease of 2.9% in anticipated school aid of $3,507,011 for the 2020-21 School Year. Districts experiencing losses will lose just as much as expected. Those that are gaining aid will receive, on average, two-thirds less than promised.