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Bill > S1920

NJ S1920

NJ S1920
Reestablishes senior citizen supplemental stabilization aid.

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

This bill reestablishes the State education aid category known as senior citizen supplemental stabilization aid. This aid category was originally established under the "Comprehensive Educational Improvement and Financing Act of 1996" (CEIFA), P.L.1996, c.138, and provided additional aid to school districts located in municipalities in which at least 45% of the residents were 65 years old or older. The statute authorizing this State aid category was repealed with the passage of the "School Funding Reform Act of 2008," P.L.2007, c.260. Under this bill, $500 per pupil will be provided for students residing in municipalities in which at least 51% of the residents are 65 years old or older. According to the 2000 federal decennial census, two municipalities, Manchester Township and Berkeley Township, meet the 51% threshold. Since Berkeley Township is one of the constituent municipalities of the Central Regional School District, the additional aid for the Berkeley students attending this district will be used to reduce the township's share of the regional school tax apportionment.

AI Summary

This bill reestablishes the State education aid category known as senior citizen supplemental stabilization aid, which was originally established under the "Comprehensive Educational Improvement and Financing Act of 1996" (CEIFA) and later repealed with the passage of the "School Funding Reform Act of 2008." Under this bill, school districts located in municipalities where at least 51% of the residents are 65 years old or older will receive $500 per pupil in additional aid. This aid is intended to provide financial support to school districts with a high percentage of senior citizen residents, and for regional school districts, the additional aid will be used to reduce the share of the school tax levy attributable to the qualifying constituent municipality.

Committee Categories

Education

Sponsors (1)

Last Action

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

bill text

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Document Type Source Location
State Bill Page https://www.njleg.state.nj.us/bill-search/2024/S1920
BillText https://pub.njleg.gov/Bills/2024/S2000/1920_I1.HTM
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