NJ S1552

Reestablishes senior citizen supplemental stabilization aid for school districts in municipalities where more than 51% of residents are age 65 or older according to the most recent federal census.

Qualifying school districts receive $500 multiplied by the district's projected resident enrollment for the budget year.

For regional school districts with a qualifying constituent municipality, the aid reduces that municipality's share of the regional school tax levy rather than going directly to the district.

This aid category was originally established under the 1996 CEIFA law (with a 45% senior threshold) but was repealed by the School Funding Reform Act of 2008.

According to the 2000 census, Manchester Township and Berkeley Township (Ocean County) met the 51% threshold, with Berkeley's aid offsetting its share of the Central Regional School District levy.