Bill > S3002

Introduced Session

This bill requires the Commissioner of Education to permit certain school districts losing State school aid to submit budgets after enactment of the State fiscal year 2025 appropriations act. The commissioner is authorized under the bill to make any adjustments to the school budget calendar that are necessary to conform with the provisions of the bill, which adjustments include a compressed schedule by which a school district can enact its budget. The bill would apply to school districts, which are proposed to receive a State school aid reduction and are experiencing a reduction that is greater than the total amount of the district's unused tax authority permitted under current law. This unused tax authority is often referred to as "banked cap." Under current law, a school district may add to its adjusted tax levy in any one of the next three succeeding budget years, the amount of the difference between the maximum allowable amount to be raised by taxation for the current school budget year and the actual amount to be raised by taxation for the current school budget year.

Committee Categories

Jim Beach (D)*,  Joe Cryan (D),  Patrick Diegnan (D),  Angela Mcknight (D),  Troy Singleton (D), 

Substituted by A4059 (on 05/13/2024)

Official Document