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NJ S55
Bill
Status
1/13/2026
Primary Sponsor
James Holzapfel
Click for details
AI Summary
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School districts in Atlantic, Cape May, Monmouth, and Ocean Counties (fifth and sixth class counties) would receive State aid no less than their 2017-2018 levels if their equalized property valuation remains below 2012-2013 levels.
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The protection applies to districts still recovering from Superstorm Sandy's impact on property values since the October 2012 storm.
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"Total State aid" under this bill excludes preschool education aid, extraordinary special education costs aid, school choice aid, and debt service aid.
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The bill would take effect immediately upon enactment and supplements existing State school aid law (P.L.2007, c.260).
Legislative Description
Prevents State school aid reduction in school districts that experienced decrease in equalized valuation and are located in certain counties.
Education
Last Action
Introduced in the Senate, Referred to Senate Education Committee
1/13/2026