School Aid

0517_BUDGET_SchoolAid_USE

State aid to education includes both direct aid to school districts and state-funded benefit such as teacher pensions and employer Social Security payments, almost doubled from $6.14 billion in FY 2000, the sixth year of the Republican Whitman administration, to $11.13 billion in FY2010, Democrat Jon Corzine’s fourth and final year. The rise in state aid to education has paralleled the overall rise in state spending, making up about one-third of state revenue. However, Corzine’s final-year increase, from $10.78 billion to $11.13 billion, was possible only thanks to a $1.1 billion infusion of federal stimulus aid that was part of the massive $787 billion federal stimulus package passed by President Obama and a Democratic Congress in 2009.

Preview the 2011 – 2012 State Budget