Lakewood School District Set To Receive $23.5 Million In State Aid

Governor Murphy’s Fiscal Year 2021 budget proposal calls for Lakewood to receive nearly $23.5 million in state aid. 

Included in the budget is a total of $23,472,641 in school district aid, with $14,958,782 in Equalization Aid, $3,052,174 in transportation aid, and $2,186,868 in security funding.

The numbers are not pretty for the Lakewood School District, which had a gaping $30 million hole in their budget last year, which forced the district to take a loan to cover their expenses. With another $30 million deficit expected this year, the amount proposed by Murphy does little to help get Lakewood out of the hole it finds itself in.

Governor Murphy is also allocating an extra $50 million in his budget for struggling school districts, but it isn’t clear if Lakewood will receive any of those funds, or if it is even eligible for those funds.

This content, and any other content on TLS, may not be republished or reproduced without prior permission from TLS. Copying or reproducing our content is both against the law and against Halacha. To inquire about using our content, including videos or photos, email us at [email protected].

Stay up to date with our news alerts by following us on Twitter, Instagram and Facebook.

**Click here to join over 20,000 receiving our Whatsapp Status updates!**

**Click here to join the official TLS WhatsApp Community!**

Got a news tip? Email us at [email protected], Text 415-857-2667, or WhatsApp 609-661-8668.


  1. Good luck Murphy. NJ is a sanctuary state and the Supreme Court will therefore cut funding to the state. So…. how will you make that up. Oh, I forgot: TAXES.

Comments are closed.