Newark Will Get More School Aid From NJ Under Murphy Plan

Newark NJ

10 March, 2022

2:59 PM

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NEWARK, NJ — Newark is expected to get $120,879,728 more than last year in school aid from New Jersey as part of the latest state budget proposal, according to figures released Thursday. Gov. Phil Murphy's administration has proposed $19.2 billion for New Jersey pre-K to 12 schools for the fiscal year 2023 budget. Read More: NJ School Aid: Who's Getting More, Who's Getting Less Newark would get a total of $1,035,927,916 under the proposal, an increase of 13.21 percent from last year. State aid is an influential factor in a school district's share of property taxes. Many districts say that cuts – or even flat spending – forces them to raise taxes for local homeowners. Property taxes in New Jersey are made up of three parts: school, municipal and county. Last year, the average property owner in the state paid roughly 52.9 percent of their total for school taxes, 29.4 percent for municipal taxes and 17.8 percent for county taxes. In Newark, that breakdown was 31.1 percent for school taxes, 53.8 percent for municipal taxes and 15.1 percent for county taxes. See related article: See How Every NJ Town Ranks For Property Taxes On New ListSee related article: Average Property Tax Bill In Newark Ranks Among Lowest In NJSee related article: Tax Gap In Essex County; Many Wealthier Towns Pay Lower Rates This article contains reporting by Josh Bakan, Patch staff Send local news tips and correction requests to [email protected]. Sign up for Patch email newsletters. Learn more about posting announcements or events to your local Patch site.