Bill
Bill > A3380
NJ A3380
NJ A3380Prevents State school aid reduction in school districts that experienced decrease in equalized valuation and are located in certain counties.
summary
Introduced
03/07/2022
03/07/2022
In Committee
03/07/2022
03/07/2022
Crossed Over
Passed
Dead
01/08/2024
01/08/2024
Introduced Session
2022-2023 Regular Session
Bill Summary
This bill provides that a school district located in a county of the fifth or sixth class will not experience a reduction in State school aid relative to the 2017-2018 school year if the district's equalized valuation for the budget year is less than the equalized valuation for the 2012-2013 budget year. The bill's provisions apply to school districts located in Atlantic, Cape May, Monmouth, and Ocean Counties. The bill's intent is to prevent a reduction in State aid in school districts in areas most heavily impacted by Superstorm Sandy and whose property valuations have yet to recover from the damage caused by the storm.
AI Summary
This bill prevents a reduction in state school aid for school districts located in Atlantic, Cape May, Monmouth, and Ocean Counties that have experienced a decrease in their equalized valuation (a measure of property values) since the 2012-2013 school year. The intent is to protect these districts, which were heavily impacted by Superstorm Sandy, from losing state funding as a result of the continued decline in their property values. The bill ensures that these districts will receive at least the same amount of state aid they received in the 2017-2018 school year.
Committee Categories
Education
Sponsors (2)
Last Action
Introduced, Referred to Assembly Education Committee (on 03/07/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2022/A3380 |
| BillText | https://www.njleg.state.nj.us/Bills/2022/A3500/3380_I1.HTM |
| Bill | https://www.njleg.state.nj.us/Bills/2022/A3500/3380_I1.PDF |
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