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NJ S3075
Bill
Status
4/11/2024
Primary Sponsor
Carmen Amato
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AI Summary
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Establishes a maximum one percent cap on annual reductions to State school aid for any school district, meaning no district can receive State aid reduced by more than one percent compared to the prior year
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Amends the existing school funding formula under P.L.2018, c.67 (C.18A:7F-68) to incorporate the new reduction cap alongside current State aid adjustment provisions
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Applies notwithstanding existing provisions governing State school aid calculations, including the School Funding Reform Act (P.L.2007, c.260) and related regulations
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Takes effect immediately upon enactment
Legislative Description
Establishes State aid reduction cap of one percent for calculation of State school aid.
Education
Last Action
Introduced in the Senate, Referred to Senate Education Committee
4/11/2024