The Verona Board of Education will hold a special meeting on its 2014-2015 budget on Tuesday, March 18, in the Verona High School library.
The meeting will start at 7 p.m., one hour earlier than regular BOE meetings.
Verona got a total of $843,727 in education aid from the state of New Jersey for the next school year. That’s an increase of $43,920 (a little over 5%), though the total is roughly half of what Verona should get under the state’s own education funding formula. Most of what the state sends us–$794,481–is earmarked for special education. Of every dollar that Verona sends to Trenton we now get back just three cents, down from seven cents before the recession.
The Board of Education will, however, be getting a so-called Regular Operating District (ROD) grant of $2,796,855 to defray some of the costs the we would have incurred under the referendum. That is paid out as the referendum work is completed.
