Senator Nicholas Asselta, (R-1), issued the following statement regarding the failure of the Corzine Administration to update the school funding formula.

            “Nearly a year ago Governor Corzine told the Press of Atlantic City that New Jersey’s school funding formula was ‘outdated, ineffective and outright unfair.’ Yet to date he has done nothing to fix it.  I believe that a new school funding formula that is equitable and fair is the key to reforming property taxes, after all the majority of our property taxes go to fund education.

            “If school aid is the key to property tax reform then Governor Corzine and his administration have capitulated on the issue of providing New Jersey’s over-burdened taxpayers with true lasting property tax relief.  Cynical and self serving announcements concerning property tax relief from Drumthwacket, the Governor’s mansion in Princeton, will not help working men and women in South Jersey pay their taxes.

            “Five years of frozen state aid to middle class school districts have cost South Jersey property taxpayers billions. If the administration can not provide leadership on school funding the voters should select new leaders in November.”