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District projects modest aid increase as state changes special-education and equalization calculations
Summary
Administrators told the board the district will present a tentative FY 2025–26 budget March 20 after state formula changes: adjustment aid removal, a three‑year equalization look, and special-education funding based on October 15 enrollment rather than census.
District administrators told the board they will present a tentative budget for fiscal year 2025–26 at the March 20 meeting and that several state-level changes are shaping the projection.
Administrators said adjustment aid has been removed from calculations and the state is now using a three‑year look at property values and income for equalization; Monmouth County performs an annual review of property values under a pilot program that began in 2013. The district reported an overall…
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