Trenton, NJ - Governor Christie signed another balanced budget for FY16 that invests in education and higher education academic institutions.
Resources for Higher Education Institutions and Students
Under the Governor’s budget, total State support is over $2.2 billion and includes:
· NJIT and Rowan received $10 million to develop Rowan’s Osteopathic Medicine Program into a joint osteopathic program offered by NJIT and Rowan.
· Rowan also received funding for a Center for Research and Education in Advanced Transportation Engineering while Montclair University received $10 million for new funding for construction.
· Other institutions like the Stockton University, William Paterson University, College of New Jersey, Ramapo College and New Jersey City University received an increase in their funding as well.
· Funding For Tuition Aid Grants. After increasing funding by $60 million in the last three years for Tuition Aid Grants (TAG), the fiscal year 2016 budget continues to expand resources for the neediest students with an additional $19.6 million to support a 2% increase over 2015 award levels and support more than 66,000 New Jersey students.
Support For New Jersey’s Schools
For the fifth year in a row, Governor Christie is setting a historic high for State spending for education; totaling School Aid will be $12.8 billion for FY16 and includes:
· The county Vocational School District Partnership Grant Program, which NJBIA advocated for and got into the FY15 budget, made its way into this year’s budget as well, continuing the grant pilot program with another $3 million.
· Likewise, $4 million was added for Adult Education Program, funding to support adult learners and job seekers to receive additional education and training at county vocation schools as well as post-secondary institutions.
· The budget includes additional funding for nonpublic school security funding and school district stabilization aid to address increases in enrollment of school districts.
Under the Governor’s budget, total State support is over $2.2 billion and includes:
· NJIT and Rowan received $10 million to develop Rowan’s Osteopathic Medicine Program into a joint osteopathic program offered by NJIT and Rowan.
· Rowan also received funding for a Center for Research and Education in Advanced Transportation Engineering while Montclair University received $10 million for new funding for construction.
· Other institutions like the Stockton University, William Paterson University, College of New Jersey, Ramapo College and New Jersey City University received an increase in their funding as well.
· Funding For Tuition Aid Grants. After increasing funding by $60 million in the last three years for Tuition Aid Grants (TAG), the fiscal year 2016 budget continues to expand resources for the neediest students with an additional $19.6 million to support a 2% increase over 2015 award levels and support more than 66,000 New Jersey students.
Support For New Jersey’s Schools
For the fifth year in a row, Governor Christie is setting a historic high for State spending for education; totaling School Aid will be $12.8 billion for FY16 and includes:
· The county Vocational School District Partnership Grant Program, which NJBIA advocated for and got into the FY15 budget, made its way into this year’s budget as well, continuing the grant pilot program with another $3 million.
· Likewise, $4 million was added for Adult Education Program, funding to support adult learners and job seekers to receive additional education and training at county vocation schools as well as post-secondary institutions.
· The budget includes additional funding for nonpublic school security funding and school district stabilization aid to address increases in enrollment of school districts.
