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Thursday, June 30, 2016

How Fair is the “Fairness Formula” for New Jersey School Children & Taxpayers? | School Finance 101

How Fair is the “Fairness Formula” for New Jersey School Children & Taxpayers? | School Finance 101:

How Fair is the “Fairness Formula” for New Jersey School Children & Taxpayers?



New Jersey Education Policy Forum
Mark Weber, PhD Student, Rutgers Graduate School of Education
Ajay Srikanth, PhD Student, Rutgers Graduate School of Education

Executive Summary

This brief provides a first look at the “Fairness Formula,” Chris Christie’s school tax reform plan. In this analysis, we show:
  • The “Fairness Formula” will greatly reward the most-affluent districts, which are already paying the lowest school tax rates as measured by percentage of income.
  • The “Fairness Formula” will force the least-affluent districts to slash their school budgets, severely increase local property taxes, or both.
  • The premise of the “Fairness Formula” – that the schools enrolling New Jersey’s at-risk students have “failed” during the period of substantial school reform – is contradicted by a large body of evidence.
The “Fairness Formula,” then, would transform New Jersey’s school funding system from a national model of equity[1] into one of the least equitable in the country, both…
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 How Fair is the “Fairness Formula” for New Jersey School Children & Taxpayers? | School Finance 101:

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