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Bill > S449

NJ S449

NJ S449
Provides that school districts spending below adequacy will not be subject to certain State school aid reductions.

summary

Introduced
01/09/2024
In Committee
01/09/2024
Crossed Over
Passed
Dead
01/12/2026

Introduced Session

2024-2025 Regular Session

Bill Summary

P.L.2018, c.67 (C.18A:7F-67 et al.), commonly referred to as "S-2," stipulates that State school aid to certain school districts will be reduced in accordance with a schedule detailed in the law. Under section 4 of P.L.2018, c.67 (C.18A:7F-68), two groups of school districts are not subject to State aid reductions: 1) SDA (former Abbott) districts that spend below adequacy and are located in a municipality in which the equalized total tax rate exceeds the Statewide average; and 2) non-SDA districts that spend below adequacy by at least 10 percent and are located in a municipality in which the equalized total tax rate exceeds the Statewide average by more than 10 percent. This bill provides that any school district that is spending below adequacy will not be subject to State school aid reductions under P.L.2018, c.67.

AI Summary

This bill provides that any school district spending below adequacy will not be subject to State school aid reductions under the existing law, P.L.2018, c.67 (commonly referred to as "S-2"). The existing law stipulates that certain school districts, such as those located in municipalities with high equalized total tax rates, are exempt from these State aid reductions if they spend below adequacy. This bill expands this exemption to all school districts spending below adequacy, regardless of their location or tax rates.

Committee Categories

Education

Sponsors (1)

Last Action

Introduced in the Senate, Referred to Senate Education Committee (on 01/09/2024)
(2 Companion Bills)

bill text

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Document Type Source Location
State Bill Page https://www.njleg.state.nj.us/bill-search/2024/S449
BillText https://pub.njleg.gov/Bills/2024/S0500/449_I1.HTM
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