An Additional $8.2 million in Federal Funds for New Jersey School Districts

Trenton, NJ - The Christie Administration announced today an additional
$8.2 million in federal funds for school districts across the state to
support children's education. This additional funding comes from a new
federal allocation as well as state-level efficiencies in administering
the Ed Jobs funding announced in September 2010.

"In these economic times, we are doing everything we can to make sure
schools have the resources they need to be successful," said Acting
Commissioner Chris Cerf. "Through smart planning and efficient
administration, we are excited to be able to free up additional funds to
send directly to districts to pay for human capital costs."

In September 2010, the federal government made $262 million available to
New Jersey in Ed Jobs funding. Districts have until September 2012 to
use these funds only for compensation and benefits and other expenses,
such as support services, necessary to retain existing employees, to
recall or rehire former employees, and to hire new employees, in order
to provide early childhood, elementary, or secondary educational and
related services.

The Department of Education held back 2%, or roughly $5.2 million, to
administer the program, which included staff resources and the
development of a software system to track the data. Last month, the
federal government made nearly $4 million in additional funds to New
Jersey. In addition, through efficient planning and prudent management,
the Department was able to make nearly $4.3 million in additional funds
available directly to school districts for education out of the $5.2
million in federal funds that had been provided for administrative
expenses

A district breakdown of this additional funding is available at the link
below.

http://www.nj.gov/education/finance/jobs/guidance/AllocationsRevised.pdf