Bill
Bill > S3081
NJ S3081
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
04/08/2024
04/08/2024
In Committee
05/09/2024
05/09/2024
Crossed Over
Passed
Dead
Introduced Session
2024-2025 Regular Session
Bill Summary
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.
AI Summary
This bill establishes the Stabilized School Budget Aid Grant Program to restore certain portions of State school aid reductions for eligible school districts in the 2024-2025 school year. It also permits certain school districts that experienced a reduction in State school aid to exceed the tax levy growth limitation in the 2024-2025 school year, up to the amount of the aid reduction, and 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
Sponsors (7)
Vin Gopal (D)*,
Andrew Zwicker (D)*,
Carmen Amato (R),
Joe Cryan (D),
Patrick Diegnan (D),
Angela Mcknight (D),
Shirley Turner (D),
Last Action
Substituted by A4161 (ACS/1R) (on 05/13/2024)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2024/S3081 |
| Fiscal Note - Fiscal Estimate 5/16/24; SCS | https://pub.njleg.gov/Bills/2024/S3500/3081_E1.PDF |
| BillText | https://pub.njleg.gov/Bills/2024/S3500/3081_U1.HTM |
| Analysis - Statement SBA 5/9/24 SCS | https://pub.njleg.gov/Bills/2024/S3500/3081_S1.PDF |
| BillText | https://pub.njleg.gov/Bills/2024/S3500/3081_I1.HTM |
Loading...