patching...
Welcome back, Patch Blogger!

State Aid

Thursday, February 28, 2013

Verona-Cedar Grove Schools Miss Out on State Aid Increases

New Jersey Department of Education announced Verona and Cedar Grove will receive the same amount of state funding as last year.

[Updated Fri. March 1, 11:30 a.m.] State aid for the 2013-14 school year for both the Verona and Cedar Grove school districts will remain flat, figures released by the state Thursday afternoon revealed. Both districts were hopeful they would see a significant increase in state aid after Gov. Chris Christie promised 377 districts across the state would receive increases in funding during Tuesday's 2013 budget address. According to the New Jersey Department of Education, Cedar Grove will be receiving the same amount of state aid, $723,287, as the previous year. Verona will receive $843,727, the same amount that district received last year. "In my opinion this is always good news when we can maintain state aide from one year to the next that …

Monday, February 25, 2013

Sequestration Could Impact Verona, Cedar Grove Schools' 2013-14 Budget

Districts across New Jersey await state aid figures this week with uncertainty.

Verona and Cedar Grove Schools face the deadline to submit the 2013-2014 budget to the county next week with uncertainty as to whether $85 billion in federal "sequestration" spending cuts will be stopped by Congress before Friday.  The district will learn its state aid figures this week after Gov. Chris Christie delivers his fiscal year 2014 budget address Tuesday afternoon. “We got a total of $488,000 from the federal government from 2012 to 2013,” said Verona Superintendent Steven Forte. "There is a chance that the district could lose up to 25 percent which equates to over $100,000" “If we lost 25 percent we would have to reassess and reallocate money,” said. “It's not a huge portion of our budget but it's still enough to cause us to …

Got a Hot Tip?