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Abbott Districts take hit in new school funding formula
The state’s so called Abbott Districts are among the hardest hit districts under a new school funding formula announced today.
Of the state’s 31 Abbott Districts, 23 will lose funding in the next school year, two will see flat funding and six will see increased funding.
In a conference call with reporters, Acting Commissioner of Education Christopher Cerf outlined a new funding formula that includes changes to the way enrollment is counted and alterations in the awarding of adjustment aid. According to a report released with the state aid numbers, the state will phase out adjustment aid, which totaled $571 million in the last fiscal year, by 2017. (Isherwood, PolitickerNJ)
