Bill > S3058

Introduced Session

This bill establishes an inflationary State school aid growth limit, which is generally to be applied to all school districts. The bill also establishes a new category of State school aid called Necessary Stabilization Aid for school districts that receive a smaller increase in State school aid with the implementation of the inflationary State school aid growth limit. Under the bill, the amount of State school aid provided to a school district is to be increased by no more than the inflationary State school aid growth limit when compared to the amount of State school aid provided in the prior school year. The inflationary State school aid growth limit would apply regardless of whether a school district is, under current law, to experience: an increase in State school aid that is greater than or less than the inflationary State school aid growth limit; a reduction in State school aid; or no change in State school aid under certain provisions of current law. The bill does not apply, however, to county vocational school districts receiving vocational expansion stabilization aid. For most school districts, the inflationary State school aid growth limit is to be consistent with the increase in the consumer price index for the New York City and Philadelphia areas. The limit for district factor group A school districts is to be the same rate plus one percentage point. The bill provides that a school district receiving a smaller increase in State school aid pursuant to the bill's provisions, when compared to current law, can apply to the Commissioner of Education for Necessary Stabilization Aid. A school district may receive an amount up to the difference between: 1) aid calculated pursuant to current law; and 2) aid calculated with consideration of the inflationary State school aid growth limit established by the bill. A qualifying school district is required to submit an application to the commissioner, which is to provide sufficient details justifying the awarding of aid and include a written plan explaining how the district intends to use the aid that may be awarded to it.

AI Summary

Committee Categories

Troy Singleton (D)*,  Latham Tiver (R), 

Introduced in the Senate, Referred to Senate Education Committee (on 04/08/2024)

Official Document