New Jersey doesn't just spend a lot of money on education, it also makes a good effort to distribute it in a fair way that benefits all students according to a report released today.
The National Report Card on school funding was created to crtitique state school funding systems on how well they provide opportunity for all children. The report tracks the funding systems based on four criteria: how much is spent, how the money is distributed based on poverty concentration, how much of the state's GDP is spent on education, and the percentage of children who attend public and private schools and their income differences.
New Jersey is one of six states that did well on all four measures along with Connecticut, Iowa, Massachusetts, Vermont and Wyoming.
New Jersey got an "A" for its funding levels and distribution, scored second in the nation in percentage of revenue given to education, and scored 21st in the ratio of students in public and private schools.
According to the report, using data for 2008, N.J. ranked third in the nation for the total amount spent per pupil at $17,754. Vermont was first at $18,365 and New York was second at $18,347. Utah was last at $6,899.
The National Report Card was compiled by Bruce Baker at Rutgers University and David Sciarra and Danielle Farrie of the Education Law Center in New Jersey.