Over the past several decades, school funding in New Jersey has been through multiple reforms in attempts to provide districts with enough funding to offer students a thorough and efficient education. The most recent funding formula adjustment has led, and may continue to lead, to significant funding decreases for the majority of Sussex County, New Jersey. With schools forced to budgetary cuts, the question becomes how much money is necessary for schools to provide an education and does more money equate to higher student achievement? The current study did not put forward any hypotheses but did attempt to find the relationships between student achievement and total spending per pupil while considering other variables such as District Factor Groups as well as school enrollment. To address these research questions, the quantitative approach was deemed the best approach to the study, since it allowed the researcher to investigate the relationship between the data points. [The dissertation citations contained here are published with the permission of ProQuest LLC. Further reproduction is prohibited without permission. Copies of dissertations may be obtained by Telephone (800) 1-800-521-0600. Web page: http://www.proquest.com.bibliotheek.ehb.be/en-US/products/dissertations/individuals.shtml.]