Hoboken Board of Education To Lose Almost $2.3 Million In State Aid

The Hoboken Board of Education will receive 14 percent less state aid than last year, resulting in a loss of nearly $2.3 million, the New Jersey Department of Education announced Wednesday afternoon. 

The change comes down to a cut of $2,297,132 in state aid in the 2010-2011  year. Hoboken will receive a total of $14,059,047 in aid in 2010-2011.

In 2009-2010, Hoboken received just over $17 million in aid. 

Gov. Chris Christie, who delivered a budget address about major cuts across all state departments in Trenton yesterday (which Mayor Dawn Zimmer attended), is reducing total Education state aid by $819 million, statewide. Fifty nine school districts in the state are losing all of their funding. 

The reduction in aid represents a 4.77 percent decrease as a percentage of the total budget.