Bill
Bill > A4161
NJ A4161
Establishes Stabilized School Budget Aid Grant Program to restore certain portions of State school aid reductions; permits certain school districts to exceed tax levy growth limitation in 2024-2025 school year; appropriates $44.7 million.
summary
Introduced
04/04/2024
04/04/2024
In Committee
05/09/2024
05/09/2024
Crossed Over
05/13/2024
05/13/2024
Passed
05/13/2024
05/13/2024
Dead
Signed/Enacted/Adopted
05/14/2024
05/14/2024
Introduced Session
2024-2025 Regular Session
Bill Summary
An Act concerning school district finances and making an appropriation.
AI Summary
This bill establishes the Stabilized School Budget Aid Grant Program, which will provide aid grants to eligible school districts that are subject to State school aid reductions in the 2024-2025 school year. The grants will be equal to 45% of the school district's State aid reduction. Additionally, the bill allows certain school districts that experienced a reduction in State school aid in the 2024-2025 school year compared to the 2020-2021 school year to exceed the tax levy growth limitation in the 2024-2025 school year, up to 9.9% of the previous year's adjusted tax levy. The bill appropriates $44.7 million from the Property Tax Relief Fund to the Department of Education to effectuate the provisions of the bill.
Committee Categories
Budget and Finance, Education
Sponsors (21)
Mitchelle Drulis (D)*,
Roy Freiman (D)*,
Vin Gopal (D)*,
Andrea Katz (D)*,
Pam Lampitt (D)*,
Andrew Zwicker (D)*,
Carmen Amato (R),
Reginald Atkins (D),
Rosaura Bagolie (D),
Clinton Calabrese (D),
Herbert Conaway (D),
Joe Cryan (D),
Patrick Diegnan (D),
Robert Karabinchak (D),
Angela Mcknight (D),
Carol Murphy (D),
Verlina Reynolds-Jackson (D),
Alex Sauickie (R),
Erik Simonsen (R),
Shanique Speight (D),
Shirley Turner (D),
Last Action
Approved P.L.2024, c.13. (on 05/14/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2024/A4161 |
| BillText | https://pub.njleg.gov/Bills/2024/PL24/13_.HTM |
| BillText | https://pub.njleg.gov/Bills/2024/AL24/13_.HTM |
| Fiscal Note - Fiscal Estimate 5/16/24; 1R ACS | https://pub.njleg.gov/Bills/2024/A4500/4161_E2.PDF |
| BillText | https://pub.njleg.gov/Bills/2024/A4500/4161_R1.HTM |
| Analysis - Statement SBA 5/9/24 ACS | https://pub.njleg.gov/Bills/2024/A4500/4161_S3.PDF |
| Fiscal Note - Fiscal Estimate 4/18/24; ACS | https://pub.njleg.gov/Bills/2024/A4500/4161_E1.PDF |
| BillText | https://pub.njleg.gov/Bills/2024/A4500/4161_U1.HTM |
| Analysis - Statement AAP 4/11/24 ACS | https://pub.njleg.gov/Bills/2024/A4500/4161_S2.PDF |
| Analysis - Statement AED 4/5/24 | https://pub.njleg.gov/Bills/2024/A4500/4161_S1.PDF |
| BillText | https://pub.njleg.gov/Bills/2024/A4500/4161_I1.HTM |
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