New Jersey Supreme Court rejects Lakewood School funding appeal
The New Jersey Supreme Court has rejected an appeal from the Lakewood School district, upholding a lower court ruling that the district is not entitled to more state aid. The decision leaves the financially troubled district's reliance on state aid uncertain, with a state takeover looming and plans to hike school taxes by $140 per home.
The New Jersey Supreme Court denied an appeal from the Lakewood School district. The district's financial troubles will continue, with a state takeover possible and school taxes set to rise by $140 per home. The court's decision upholds a lower court ruling that the district's budget problems are due to local mismanagement. The Lakewood School district has over $143 million in state loan debt. A state takeover is expected, with an Administrative Law hearing scheduled. The district's reliance on state aid is now uncertain.
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