School Finance in New Jersey School Affiliation: Ratables for the 2006 School Year in New Jersey Ratables can be defined as the amount income earned over a certain period through exchange of products and services; an income that is subject to taxation…
Free education for students who come from poor neighborhoods set a leveled ground for employment and competition in a knowledge-driven market. Other private universities and schools receive income from; school fees, selling and leasing commodities, real estate business, foreign corporate equities, debt securities, treasury securities, corporate bonds, common stock and mortgage-backed securities1. In New Jersey, tax levied on the property is $1 for every $100 of assessed taxable value. The tax bill paid by schools in the district is calculated using a general tax rate of 0.03758 (New Jersey State, 2012). A property that has an assessed value of $200,000 pays a tax bill of $7,516. This is the total amount of $1 for every $100 in the value of the property2. The greatest financial challenge facing the school district in New Jersey is the freezing of financial aid that assists the public schools. The state froze this aid under the federal and state mandate. Due to this freezing legislation, the level of student enrollment and costs of learning and property are on the increase. Also, it has led to a loss of about $846 million that was allocated for school finance New Jersey state (New Jersey School Board Association, 2010). Other financial challenges include schools that are waiting for the funding of construction of educational facilities. This delays educational development in the school district. New Jersey experiences shortage of education, technology, world languages, Math, preschool and science teachers. New Jersey state legislation has focused on increasing the property tax to cater for free education, but the 2008 financial crisis cast a dark shade on the growth of free education system in the district because the government and federal funding was cut due to the crisis, and a slow but developing economy. Roles of Principals in Budget Development School principals are the leaders in New Jersey school system. They not only communicate with teachers and students, but also plan for school facilities, educational trips and advanced learning system. The principals record the number of certified teachers in their schools and the amount of salaries and other benefits they are paid. Salaries and benefits for assisting, substitute and relief teachers are also recorded and included in the budget. The principal records the number of classroom and cafeteria supplies as well as the materials needed. New Jersey State gives principals $2,000 as budget guidance for supplies and materials (New Jersey Department of Education, 2006). Technology costs are included in the budget for improvement of computer usage in classrooms. Principals budget for new classrooms that require furniture, computers and academic supplies among others. The total amount of funds for start-up classrooms in New Jersey is $14,450.3 Field trips are organized by teachers, but the principal takes the initiative to issue funds and budget for them in advance. Management salaries and benefits are also calculated and recorded in the budget. The Self-Sufficiency School Principals Principals in New Jersey State are given the freedom and respect to manage their own budget system in accordance with state legislation. It is extremely essential for principals to manage their own budgets because different public and private schools have their own unique setting in terms of educational constructions, equipment and ...
Cite this document
(“School Finance in New Jersey Essay Example | Topics and Well Written Essays - 750 words”, n.d.)
Retrieved from https://studentshare.net/education/61660-school-finance
(School Finance in New Jersey Essay Example | Topics and Well Written Essays - 750 Words)
“School Finance in New Jersey Essay Example | Topics and Well Written Essays - 750 Words”, n.d. https://studentshare.net/education/61660-school-finance.
Europeans called them Delaware, which means “original people” or “genuine people”. The first European Explorer Giovanni de Verrazano sailed along the coast and anchored at Sandy Hook. Later on, in 1609 Henry Hudson sailed through Newark Bay and claimed some lands for Netherlands.
They may include geographical sites like mountains, rivers and lakes, wildlife, natural phenomenon like weather and climatic conditions of a state and man-made features like arts, designs, amusement parks, restaurants, museums and other cultural and religious sites.
He also obtained a degree in law from Georgetown University after which he went on to do his masters from Harvard University. McGreevey was elected as the mayor of Woodbridge in 1991 which is the sixth largest city of the New Jersey state. During his term the crime rate reduced by 40%, the property taxes were steady, and the financial operations were improved.
The public would usually voice out their opinions and suggestions on how funding ought to be allocated in some school districts. Many of the schools have to implement the court orders and other political instructions in terms of school financing equity in order not to make enemies of the state or the courts.
It survived for about a century, probably from 1820's to the 1920's. The canal played a major role in transportation of anthracite coal, from Pennsylvania's Lehigh Valley to the Northern New Jersey's rising industry of iron and many other developing industries.
Private Schools have the option of getting funding from the Department of Education within any federal state. However, one has to meet certain criteria in order to qualify. First of all, there is a need to advertise for State funding. This is done through a bidding process.
While the guidelines are thorough and detailed, they rely heavily on the officer's personal interpretation of events and the language of the policy. The policy also details the officer's responsibility when the policy has been violated or when there is a danger that the policy is about to be violated.
This essay shows the problem of providing a clear vision of the knowledge, performance and dispositions that teachers and school leaders need to support student learning and achievement of the revised Core Curriculum Content Standards. It tells about document with specific objectives for teachers to know and understand, teachers to value and be committed to and teachers to apply.
The state has an obligation to fund education and this is mainly done through taxes. There are various obstacles that impact on the funding of education. For instance, the 2007 Global Financial Crisis negatively impacted on the funding of education in different states in the US.
1 Pages(250 words)Essay
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Let us find you another Essay on topic School Finance in New Jersey for FREE!