Whether you’re a new board member or a seasoned veteran, there are always new leadership skills to explore. NJSBA offers training opportunities to help you reach your full potential as a board member.
Sound school budgeting and finance is crucial to the smooth operations of your district.
School Budget and Finances
It is often said that the annual school budget is the financial expression of your district’s educational goals and aspirations. It also reflects the district’s financial resources and how they will be utilized, is a plan for controlling the level and type of spending in your schools during the year and is a consensus document that reflects the input of your administration, board and community.
A comprehensive understanding of school finance and the budget process empowers board of education members to make informed, strategic decisions that support the educational mission of the district while ensuring fiscal responsibility.
School finance is the backbone of every effective educational program, and a challenge for almost every board member.”
– “Fundamentals of School Board Membership”
School Finance
Below are some of the resources that NJSBA has developed to help board members better understand school finance and budgets.
With possible changes to the School Funding Reform Act being contemplated, it is useful to have an understanding of how it currently operates.
07/01/2024
Topics: School Budget and Finances
School Year 2024-2025 State Aid, Budget Procedures Calendar and Tax Levy Cap Updates for Certain Districts
On May 14, Gov. Phil Murphy signed into law two bills that impact 2024-2025 state aid, tax levy cap, and budget procedure calendar deadlines for certain districts, the New Jersey Department of Education noted in a special advisory that provides guidance on...
05/14/2024
Topics: School Budget and Finances
New Jersey Department of Education and Schools Development Authority Chiefs Testify Before Budget Committees
On Wednesday, April 10, the Assembly Budget Committee heard testimony from Acting NJDOE Commissioner Kevin Dehmer and Schools Development Authority CEO Manuel Da Silva on the governor’s proposed budget for their respective agencies for the 2024-2025 fiscal year. The two...
