4.6%

February 20, 2020 | Number of The Day
Percent of New Jersey’s gross state product that went to public education in 2017

In  a new 50-state report on the “adequacy and fairness” of education funding, New Jersey gets mixed grades from Rutgers researchers for its spending on public schools and where it targets funding. First, the adequacy is of little argument in a state that is among the highest-spending in the country, with 4.6% of New Jersey’s gross state product going to public education in 2017, third only to Vermont and Wyoming. The national average was 3.5%. Still, the researchers from Rutgers Graduate School of Education, including well-known school finance expert Bruce Baker, said New Jersey is closer to the averages in terms of how much of that money reaches districts most in need.