Schools
Lakewood Schools Set For State Aid Increase For 2023-24
The Lakewood Public Schools are among those receiving help under the $1 billion increase in school funding statewide touted by Gov. Murphy.
LAKEWOOD, NJ — The Lakewood Public School District is set to receive an increase of nearly $2 million in state aid under figures for the 2023-24 school year announced by the New Jersey Department of Education on Thursday.
The Lakewood school district received $24,667,827 in the 2022-23 school year, and is slated to receive $26,575,697 for 2023-24, an increase of $1,907,870, or 7.73 percent.
The increase to the Lakewood Schools comes as Gov. Phil Murphy touted a $1 billion increase in overall school funding in his 2024 budget address on Tuesday. Much of that funding has been directed at what Murphy said are underfunded school districts.
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It also comes as the district has repeatedly faced budget shortfalls in part due to its responsibilities for busing private school students.
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