Toms River Regional (TRRS) Board of Education headquarters. (Photo: Daniel Nee)
The Toms River Regional school district, according to figures published by the state Department of Education today, will receive an increase in state funding for the 2018-19 school year.
The funding, which is subject to the adoption of a final budget by the state legislature, would increase by 1.9 percent, to $68,224,666. Last year, the district received $66,975,394 in state funding, but only after a budget battle that restored funding after a bipartisan deal threatened to reduce funding $3.3 million.
Most significantly, Toms River will receive $10,421,674 in what is known as “adjustment aid,” funding that is provided to school districts whose tax rates are not high enough according to a state formula. This was the aid that was targeted last year in the budget deal hatched between then-Gov. Chris Christie and Sen. President Steve Sweeney. The reduction was eventually totally reversed.
Toms River Regional will also receive:
- $39,941,537 in equalization aid.
- $5,458,073 in transportation aid.
- $9,865,327 in special education aid.
- $2,538,055 in security aid.
Overall, state funding would increase by $1,249,272 under the proposal.
The state’s budget must be adopted by the end of the fiscal year, July 1.
