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NJ S3002
Bill
Status
3/18/2024
Primary Sponsor
James Beach
Click for details
AI Summary
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School districts experiencing State school aid reductions for 2024-2025 may submit their budgets up to five days after the FY 2025 appropriations act is enacted, rather than following the standard budget calendar
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Only districts whose aid reduction exceeds their total unused "banked cap" tax authority qualify for this extended deadline
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The Commissioner of Education must adjust the school budget calendar to accommodate these districts, including creating a compressed schedule for budget enactment
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This provision applies only to the 2024-2025 school year and affects districts notified of proposed aid reductions in March 2024
Legislative Description
Requires Commissioner of Education to permit certain school districts losing State school aid to submit budgets after enactment of FY2025 appropriations act.
Substituted by another Bill
Last Action
Substituted by A4059
5/13/2024