State aid to the for 2012-13 will total $1,871,941, according to numbers released by the state Department of Education Thursday.
This amount show a one-year increase of $429,210 or 29.7 percent over the $1,442,731 .
Business Administrator Peter Daquila said at the news, "We are delighted to have the additional state aid of $429,000. ... The additional funds should allow the district to maintain and potentially expand the services offered to the students."
Gov. Chris Christie for the 2010-11 school year, including several in Morris County. Some districts, including Madison, saw their state aid eliminated entirely; aid to Chatham was reduced by $2.58 million.
Total K-12 formula aid throughout the state for the 2013 fiscal year amounted to $7.8 billion, an increase of $135 million over 2012, according to a press release from Christie's office..
Interim Superintendent Dennis Fyffe and Assistant Superintendent Michael LaSusa were not immediately available for comment Thursday afternoon.
The Finance Committee of the School District of the Chathams is anticipated to introduce the budget for 2012-13 at Monday's meeting of the .
Chatham Patch will continue to update this story.