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Bill > S1655


NJ S1655

NJ S1655
Requires nonpublic secondary schools and independent institutions of higher education to make payment to school districts for educational costs of students residing in tax-exempt housing upon adoption of resolution by municipal governing body.


summary

Introduced
02/14/2022
In Committee
02/14/2022
Crossed Over
Passed
Dead
01/08/2024

Introduced Session

2022-2023 Regular Session

Bill Summary

This bill would require that, upon adoption of a resolution by the governing body or bodies of a municipality or municipalities constituting a school district, a nonpublic school which offers an educational program for students in grades 9 through 12, or in any one or more of those grade levels, or an independent institution of higher education to annually make a payment for any student who resides in a tax-exempt facility located on property owned by the entity and is enrolled in a public school district or a charter school. The amount of the payment will equal the district's per pupil general fund local levy amount for the budget year. Under the bill's provisions, annually by November 1 of the budget year, a board of education would notify the nonpublic school or independent college or university of the number of resident students enrolled in the school district or a charter school who reside in a tax-exempt facility owned by the entity, the per pupil general fund local levy amount, and the total payment owed to the district. The payment must be forwarded to the board of education within 60 days of receipt of the notice of the required payment. The recipient district's tax levy growth cap for the subsequent school year will be reduced by the amount of the total payment received under this bill, thus ensuring that the additional revenue is used to reduce property taxes.

AI Summary

This bill requires nonpublic secondary schools and independent institutions of higher education to make an annual payment to school districts for the educational costs of students residing in tax-exempt housing owned by the school or institution. The payment amount is equal to the district's per-pupil general fund local levy. The bill also stipulates that the recipient district's tax levy growth cap for the subsequent year will be reduced by the total payment amount, ensuring the additional revenue is used to reduce property taxes.

Committee Categories

Education

Sponsors (1)

Last Action

Introduced in the Senate, Referred to Senate Education Committee (on 02/14/2022)

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