MOUNTAIN LAKES—According to newly released figures from the New Jersey Department of Education, Mountain Lakes Boro Public Schools will experience a 3% decrease in state aid for the 2025-26 school year. The district will receive $1,304,433, a reduction of $40,343 from the $1,344,776 allocated in the current school year.
Statewide Funding Adjustments
This adjustment is part of Governor Phil Murphy’s proposed $58.1 billion state budget, which allocates $12.1 billion for K-12 education across New Jersey. While most districts will receive increased aid, some, including Mountain Lakes Boro, will experience reductions due to formula adjustments.
Statewide, approximately 68% of districts will see an increase in aid, while 175 districts will experience reductions. To mitigate drastic changes, the state has implemented a 3% cap on aid reductions and a 6% limit on increases for the 2025-26 fiscal year.
Impact on Mountain Lakes Boro Schools
The Mountain Lakes Board of Education will assess how to adjust its budget to accommodate the $40,343 decrease. While the reduction is relatively small, it may require slight reallocations within the district’s financial planning.
Possible areas of focus include:
- Maximizing existing resources for academic programs
- Exploring alternative funding sources for school initiatives
- Adjusting operational costs while maintaining educational quality
Looking Ahead
Governor Murphy’s budget proposal still requires legislative approval, but local school officials are preparing for the funding changes. Despite the funding adjustment, the district remains committed to ensuring that Mountain Lakes students continue to receive a high-quality education.
