School Funding Plan - It's gonna cost ya...

As predicted here, the Governor's plan to revamp school funding looks like a real spending fiasco. Says NJ.Com's Paul Mulshine:

On Friday, we got a glimpse of the plan. And here's what it calls for: the single most costly expansion of public education in New Jersey history.

Even more telling is one conclusion based on the analysis of the plan:

This new preschool bureaucracy could easily cost hundreds of millions of dollars a year. Meanwhile, the governor has proposed to increase annual school spending by only about $500 million a year. That barely keeps pace with inflation. So forget about tax relief if you live in a typical middle-class school district in suburbia.

Read the entire article here but don't say you weren't warned.

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