Bill > S3072

Introduced Session

This bill provides that a school district that is subject to a reduction in total State school aid for the 2024-2025 school year will receive Supplemental Stabilization Aid. The aid provided under the bill would ensure that the district's total State school aid in the 2024-2025 school year is equal to the amount of total State school aid received in the 2023-2024 school year. The bill defines total State school aid to include: equalization aid, special education categorical aid, security categorical aid, transportation aid, adjustment aid, educational adequacy aid, school choice aid, and military impact aid. To receive the aid provided under the bill, a school district is required to submit to the Commissioner of Education, in a manner and form to be prescribed by the commissioner, a written plan explaining how the district intends to fund operations in future school years in which the district does not receive Stabilization Aid or similar supplemental State school aid. A county vocational school district that receives vocational expansion stabilization aid in the 2024-2025 school year is not eligible to receive Supplemental Stabilization Aid under the bill. The bill appropriates a sum from the Property Tax Relief Fund to the Department of Education and provides a list of school districts eligible to receive additional aid under the bill, as well as the amount of additional aid to be provided to each district. A total of 140 districts are eligible under the bill to receive a share of approximately $105.9 million in additional aid.

Committee Categories

Vin Gopal (D)*,  Andrew Zwicker (D)*,  Troy Singleton (D), 

Withdrawn from Consideration (on 05/13/2024)

Official Document