Lower Taxes/School Funding
The current school aid funding formula is causing significant financial strain for many cities in Bergen county, including the cities in our district. Despite paying a substantial portion of their property taxes towards education, these cities receive significantly less school aid compared to similar-sized cities. This unfair distribution of resources is leading to a cycle of underfunding and underperformance in our schools, as well as a growing disparity between the quality of education offered in different parts of the state.
In order to address this issue, a complete revamp of the school aid funding formula is needed. This reform should prioritize fairness and equity, ensuring that all cities receive their fair share of funding based on their needs and the number of students they serve. Additionally, the formula should take into account the relative wealth of each city and the burden that their residents bear in terms of property taxes so that no city is unfairly punished.
The goal of this policy is to create a more equitable and sustainable school funding system that provides every student with access to the highest quality education. By revamping the school aid funding formula, we can ensure that all cities receive the resources they need to provide their students with the best possible education, regardless of where they live or how much they pay in property taxes. By making this change, we can help to build a better future for our students and our state as a whole.