NJ S449

Amends P.L.2018, c.67 ("S-2") to expand protections from State school aid reductions for school districts spending below adequacy levels

Under current law, only two groups are exempt from aid reductions: SDA (former Abbott) districts spending below adequacy in high-tax municipalities, and non-SDA districts spending at least 10% below adequacy in municipalities with tax rates exceeding the statewide average by at least 10%

Removes the tax rate requirements and the 10% threshold, making all school districts spending below adequacy exempt from State aid reductions regardless of their location's tax rate

SDA districts spending above adequacy would still face reductions, but only up to the amount by which they exceed adequacy spending multiplied by the applicable percentage in the reduction schedule

The bill takes effect immediately upon enactment