NJ S64

School districts spending below their adequacy funding level would be exempt from State school aid reductions under the 2018 school funding law (P.L.2018, c.67, known as "S-2")

Current law only exempts two narrow categories 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 at least 10% above the state average

The bill removes the tax rate requirements and the 10% threshold, extending protection to all districts spending below adequacy regardless of location or degree of underfunding

SDA districts spending above adequacy in high-tax municipalities would still face reductions, but limited to the amount they exceed adequacy multiplied by the applicable percentage schedule

Sponsored by Senator James W. Holzapfel (District 10, Monmouth and Ocean) for the 2026 legislative session