TOMS RIVER, NJ — The Toms River Regional School District will receive $7.6 million in stabilization aid from the state Department of Education, officials formally announced Thursday.
The approval of the stabilization aid temporarily eases the financial distress created in the district under S2, the state law that has continuously cut state funding to the Toms River schools since it was signed into law in July 2018.
“Toms River Regional Schools is relieved and extremely grateful for Governor Murphy’s announcement today that our requested $7.6 million in stabilization aid will be provided,” Interim Superintendent Stephen Genco said.
“On behalf of our students and staff, I thank our board members and community supporters who spent time and effort behind the scenes to fight for our district and for Toms River; our team here who thoroughly and successfully developed our comprehensive application for stabilization aid; and of course Governor Murphy, who has heard our collective voice and who has responded. This is indeed wonderful and welcome news,” Genco said.
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