Bill
Bill > S3092
NJ S3092
NJ S3092Ensures no school district receives State school aid reduction greater than five percent.
summary
Introduced
04/11/2024
04/11/2024
In Committee
04/11/2024
04/11/2024
Crossed Over
Passed
Dead
01/12/2026
01/12/2026
Introduced Session
2024-2025 Regular Session
Bill Summary
This bill establishes a new category of State school aid entitled "stabilized reduction aid." Under the bill, stabilized reduction aid is to be used to ensure that, in the 2024-2025 school year and each school year thereafter, a school district receives no greater than a five percent reduction in State school aid compared to the prior school year. The bill specifies that a county vocational school district would receive the greater of the amount of State school aid calculated pursuant to the provisions of the bill or the amount of State school aid calculated with the inclusion of vocational expansion stabilization aid. Under current law, vocational expansion stabilization aid ensures that a county vocational school district receives no less than the sum of the district's State school aid received in the 2017-2018 school year.
AI Summary
This bill establishes a new category of State school aid called "stabilized reduction aid" to ensure that, starting in the 2024-2025 school year, no school district receives more than a 5% reduction in State school aid compared to the prior year. It also specifies that county vocational school districts would receive the greater of the amount calculated under this new provision or the amount calculated under the existing "vocational expansion stabilization aid" provision, which ensures they receive at least the same amount as in the 2017-2018 school year.
Committee Categories
Education
Sponsors (2)
Last Action
Introduced in the Senate, Referred to Senate Education Committee (on 04/11/2024)
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/S3092 |
| BillText | https://pub.njleg.gov/Bills/2024/S3500/3092_I1.HTM |
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