TRENTON — The New Jersey Department of Education (NJDOE) Friday announced approval of $29.65 million in stabilization grants to help 42 school districts that are experiencing a reduction in state aid or are otherwise facing a budgetary imbalance.
The announcement includes grants for three school districts in the Star News Group coverage area: Brick Township [$475,640], Belmar [$371,250] and Point Pleasant Borough [$63,206].
Funding for the stabilization aid was made available through a $30 million line item in the Fiscal 2023 New Jersey State Budget.
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