Though the governor is proposing an increase in state aid, the school state aid formula has not been fully funded for years. The district has received $282 million in federal COVID aid.
The proposed budget increase would dovetail with significant federal COVID relief funds Newark schools are getting. This year, Newark is receiving about $915 million in state aid, which was a bump from last year. “By adequately funding our public schools, we are allowing towns to maintain high-quality educational programs without passing the additional cost on to property taxpayers.” “We place great value on providing all students with access to a world-class education, and this budget continues to support students and school districts,” said Murphy, who detailed the proposal at James Monroe Elementary School in Edison alongside acting Education Commissioner Angelica Allen-McMillan and other state officials. The proposed budget also includes $68 million for preschool aid. Roughly $5.6 billion would go toward funding teachers pensions, according to a press release from Murphy’s office. Overall, Murphy’s budget provides $19.2 billion to support schools, which includes $9.9 billion in school aid, $80 million to cover capital projects, and $350 million for school facilities projects. The $120 million boost for Newark is part of the governor’s pitch to increase K-12 school funding by $650 million in 2023. On March 18, 1913, the Borough of Franklin was incorporated from portions of Hardyston Township, based on the results of a referendum held on April 23, 1913.Newark schools would receive more than $1 billion in state aid next year, an increase of about 13% from this year, under a budget blueprint Gov. Immigrants from Russia, Britain, Hungary and Poland joined the work force at the mine. In 1897 all zinc mining efforts merged into the New Jersey Zinc Company, which was a major controlling factor in the development of Franklin. For most of the century many small companies mined zinc and iron in the Franklin area. In the early 19th century, zinc deposits in the area began to be developed commercially. Settled in the 17th century, the village known as Franklin Furnace after Benjamin Franklin, developed near iron mines and iron smelting operations located along the Wallkill River. Franklin, known as the "Fluorescent Mineral Capital of the World," is located over a rich ore body containing more than 150 minerals, many of them fluorescent and 25 of which are found nowhere else on earth.
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