State Aid Increase In Store For Parsippany Schools In 2025-26

PARSIPPANY, NJ — Good news for Parsippany-Troy Hills Public Schools as the district is expected to see a bump in state aid in the upcoming school year, according to numbers released Thursday.

The district is expected to get $12,300,956 for the 2025/26 school year, which an increase of nearly two percent over the current year’s amount, which is set at $12,069,785.

The record $58.1 billion proposed budget includes $12.1 billion for school funding, reflecting what Governor Murphy called his administration's "ongoing and unrelenting commitment to building a New Jersey that is stronger, fairer, and more prepared for the future."

Last week, the state Department of Education released the 2025-26 state funding figures, detailing how the $12.1 billion will support K-12 schools across the state. Of the 392 districts, 175 are set to see funding cuts, while the remaining districts will receive increased funding.

Most districts in the state only saw an increase of six percent or, if they were getting funding cut, a decrease of three percent.

Aid cuts and increases are smaller this year than previously. That's because Gov. Phil Murphy, in his latest budget address, promised changes to New Jersey's school funding to eliminate wild swings in state aid to the state's nearly 600 school districts.

Read more: See Which NJ Schools Will Get More State Aid For 2025-26

This marks the second year that the state has fully funded the K-12 school funding formula established under the School Funding Reform Act of 2008 and modified in 2017 by S2, the legislation that reduced "adjustment aid" for some districts while increasing funding for others that had been underfunded.

This article contains additional reporting by Karen Wall.