StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

School Finance in New Jersey - Essay Example

Comments (0) Cite this document
Summary
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…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER94.4% of users find it useful
School Finance in New Jersey
Read TextPreview

Extract of sample "School Finance in New Jersey"

Download file to see previous pages 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 ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“School Finance in New Jersey Essay Example | Topics and Well Written Essays - 750 words”, n.d.)
Retrieved de https://studentshare.org/education/1446780-school-finance
(School Finance in New Jersey Essay Example | Topics and Well Written Essays - 750 Words)
https://studentshare.org/education/1446780-school-finance.
“School Finance in New Jersey Essay Example | Topics and Well Written Essays - 750 Words”, n.d. https://studentshare.org/education/1446780-school-finance.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF School Finance in New Jersey

The impact of Plant Disease on New Zealand

Transmission of PMTV occurs through inoculation of sap in 26 species belonging to Solanaceae or Chenopodiaceae and to Tetragonia expansa and also through grafting (A. Reavy., W. Kashiwazaki., & Barker,1995 ). In some cases, PMTV is known to be transmitted by mechanical inoculation also.

Since PMTV is vectored only through S.subterranea the infection of plants with PMTV depends on the life cycle of S.subterranea which takes about 10-14 days. The life cycle of S.subterranean takes place in 2 phases: Phase I) This is the primary stage of the life cycle initiated with the germination of resting spores known as sporangiosori or cystosori persisting in the soil as spore balls with thick cell walls into zoosporangia. These...
6 Pages(1500 words)Report

Maigret Goes to School by Georges Simenon

The pipe-smoking Maigret went on to feature in 75 novels and 28 short stories and about 850 million copies featuring him were sold worldwide. Inspector Maigret is certainly one of the best-known characters in detective fiction

Maigret goes to school is an entertaining book in the Maigret series. All Georges Simenons books have gripping stories and the characters in them are believable, considerate human beings. Maigret goes to school is one such book with an intriguing story. The postmistress, Leonie Birard of Saint Andre, a small village in France near La Rochelle is hit by a bullet in the eye and is killed. The whole village is happy that she is dead. Everyone in the village hated her because she was inquisitive and p...
7 Pages(1750 words)Book Report/Review

The Launch of Kones New Product

Political: 90% of Kone’s sales come from international markets. This makes it very vulnerable to political stability in its global markets for example Italy is one of the markets of Kone and elevator regulations are governed in Italy by parliament. Thus, to bring MonoSpace i.e. an elevator without a machine room in compliance with standards, it would require an act by the parliament.
Economical: The performance of the elevator industry is directly proportional to the performance of the construction industry. The construction industry has a maximum potential in developing countries rather than in developed countries. The reason for this is that the developed countries have maximized their growth potential whereas the dev...
12 Pages(3000 words)Case Study

School Bullying: an Educational Problem

School bullying is a serious educational problem that is receiving increased attention. While anti-bullying programs are mandatory in Australian and American schools, they are not in Singapore (Forss, 2006). In Singapore, 95% of students in primary and secondary schools have experienced bullying (Forss, 2006).

A bully is someone who repeatedly attacks another individual who does not resist (Berger, 2006) and constantly harasses somebody else either physically or psychologically (Bosworth, Espelage, Simon, 1999). Bullying is manifested in many different ways such as physical, verbal and relational bullying (Berger, 2006). As a result of bullying, victims may experience anger, sadness, and depression which can lead to lo...
11 Pages(2750 words)Literature review

Element of the Columbine High School Shooting

The morning of Tuesday, April 20, 1999, was a beautiful spring day and it seemed to be a regular day for Columbine High School as far as anyone knew. Students were coming to school as usual and no one suspected that it would be the longest day in the history of this high school. The parking lot was filled with the usual BMWs and Hummers of the football players and those students who were on the outside of the popular kids were being teased just like any other day. No one noticed anything different in the beginnings of that morning and no one really worried about anything. It is assumed that students had breakfast before they came to school and many were standing around waiting for classes to start and maybe smoking cigarettes as t...
12 Pages(3000 words)Case Study

Contemporary Managerial Issues in Accounts and Finance

Political theorists like Veblen argued that the separation of corporate ownership from control generates a transfer of power from a minority of stockholders to a group of decisive owners who have the control over the way of access to credit and finance (Roe, 1994, p. 5).
However, contemporary analysts of corporate power contested that dominance and ownership in modern corporations have shifted to a property-less group of managers. Consequently, this current shift of power and control in large modern corporations could usher in ultimate preoccupation over profit rather than non-financial motives. Furthermore, the separation of power and ownership will lead to the destruction of the traditional legal theory of property which en...
23 Pages(5750 words)Literature review

Fundamentals of Finance

It is the size of the company that decides the role of financial management in a firm. In small firms, financial management is handled normally by the accounting department but in large entities, a separate department under the leadership of its CFO takes care of its financial management. Broadly “the financial manager of a firm plays an important role in a company’s goals, policies and financial success. The financial manager’s responsibility includes financial analysis and planning- determining the proper amount of funds to employ in the firm, i.e. designating the size of a firm and its growth; investment decisions- the efficient allocation of funds to specific assets; financing and capital structure decisions-...
11 Pages(2750 words)Assignment

School Social Worker in Special Education

Social workers are required to understand the diversity of families and help individuals and families cope with the implications and impacts of learning disabilities, physical or cognitive problems. Individual treatment may be required in a safe environment and relationship in which to deal with issues. The work of the school social worker in special education is related to a diverse number of areas, in which he/ she is required to fulfill various roles and responsibilities (Turner, 2005).

Approximately one-half of school social workers are found to be practicing with elementary school children. School social workers support and help to prevent future problems by intervening with at-risk children during elementary schoo...
11 Pages(2750 words)Case Study

Info-Point: Marketing of New Touch Screen Information Technology

The development of the new Info-Point technology, a stand-alone information module designed to offer the public information on tourism, local shopping, weather, and transportation, has created the opportunity to successfully market these information technologies to different UK cities. The entire marketing concept is to establish self-service information centers that offer a wide variety of regional information, utilizing an easy-to-use touch screen methodology to cater to a broad mass market of consumers. 

Touch screen interface systems are becoming more and more common in the UK and abroad. During a pilot experiment using touch screen information technology, the automotive manufacturer Lexus piloted an informatio...
10 Pages(2500 words)Report

Comparing the Brave New World and Todays World

... A Brave New World 26 February Introduction Man has always wondered since time immemorial about his ultimate place in the big universe. He had attempted to find meaning in this scheme of things without much success. A key repeated theme is seeming failure to find that true meaning that will justify his existence. What usually happens is that the more Man goes deeper into the search for ultimate meaning, the more he finds nothing. This is confounding, to say the least, and goes to show how useless the search could be. Many people had been doing this search several times and came up with nothing. Out of this seeming hopelessness and uselessness came the philosophical idea of the absurd – that Mans search for individual meaning is bound...
8 Pages(2000 words)Term Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic School Finance in New Jersey for FREE!

Contact Us