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NJ S3118
Bill
Status
4/15/2024
Primary Sponsor
Nilsa Cruz-Perez
Click for details
AI Summary
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Regional school districts spending at least 10% below adequacy and where each constituent district is in a municipality with an equalized total tax rate at least 10% above the statewide average will not be subject to State school aid reductions
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The exemption applies to reductions under the phase-in schedule established for districts with positive State aid differentials (districts receiving more aid than formula calculations indicate they should)
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State school aid covered by this exemption includes equalization aid, special education categorical aid, security categorical aid, and transportation aid
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The bill amends the 2018 school funding reform law (P.L.2018, c.67) that established a phase-in schedule for redistributing State aid to align with formula calculations through the 2024-2025 school year
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The law takes effect immediately and first applies to State school aid distributed in the first full school year following enactment
Legislative Description
Provides that regional school districts are not subject to State school aid reductions under certain circumstances.
2nd Reading in the Senate
Last Action
Reported from Senate Committee with Amendments, 2nd Reading
3/17/2025