The Prospect Park School District is a community public school district that serves students in pre-kindergarten through eighth grade from Prospect Park, in Passaic County, in the U.S. state of New Jersey.
[5] The district's original school, Prospect Park Elementary School, has expanded multiple times to accommodate its growing student body, including a $1.5 million preschool expansion completed in 2012.
[6] As of the 2014–15 school year, Prospect Park's share of funding for the Manchester had more than doubled in the previous decade, with property taxes for the regional district rising nearly $700 on the average home in the previous two years after a 2013 change by the commissioner of the New Jersey Department of Education to the district's funding formula that allocated costs with half based on enrollment and half based on valuation, a formula that benefited North Haledon.
Haledon and Prospect Park had argued that property valuation should be the basis for assessing district taxes, while North Haledon, with the largest property valuation, had argued that funding should be based exclusively on enrollment.
From lowest socioeconomic status to highest, the categories are A, B, CD, DE, FG, GH, I and J.