Fair Funding Formula
Dear New Jersey Department of the Treasury,
This is a request for public records made under OPRA and the common law right of access. I am not required to fill out an official form. Please acknowledge receipt of this message.
Records requested:
1. Please provide record(s) (beginning with the 2008/2009 school year, up to and including the 2019/2020 school year) detailing the algorithms or program coding used to compute the multipliers used to establish the Property Value Rate where equalization aid equals the Statewide available equalization aid for all districts determined according to the School Funding Reform Act had each school district's local share equaled the product of the property value rate and the district's equalized valuation and each county vocational school district's local share equaled the product of the county vocational school district's adequacy budget and the average local share, expressed as a percent, of the school districts located in the county and used to establish the Income Rate where equalization aid equals the Statewide available equalization aid for all districts determined according to this act had each school district's local share equaled the product of the income rate and the district's income and each county vocational school district's local share equaled the product of the county vocational school district's adequacy budget and the average local share, expressed as a percent, of the school districts located in the county which reflect the calculations for Property Value Rate and Income Rate where the calculations did not result in equalization aid for all districts being equal to the Statewide available equalization aid.
2. For each school year (beginning with the 2008/2009 school year, up to and including the 2019/2020 school year), provide all adjustments made to the calculation of equalization aid (as calculated by N.J.S.A. 18A:7F-53) when EQAID (equalization aid) is less than zero. Please provide these record(s) for all school districts to which EQAID was calculated to be less than zero.
Yours faithfully,
Yvonnette Concepcion