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Bill > A4230
NJ A4230
NJ A4230Amends appropriations act to provide funding for restoration of State school aid reductions for certain school districts; shifts $64,920,000 from certain appropriations for purposes of restoring aid; provides supplemental appropriation of $145,215,047.
summary
Introduced
05/02/2024
05/02/2024
In Committee
05/02/2024
05/02/2024
Crossed Over
Passed
Dead
01/12/2026
01/12/2026
Introduced Session
2024-2025 Regular Session
Bill Summary
This bill amends the FY 2024 appropriations act to provide funding for the restoration of State school aid reductions for certain school districts. The bill ensures that: 1) school districts that previously received an allotment of Supplemental Stabilization Aid under P.L.2023, c.32 receive such aid in the same amount allocated to the district under that law; and 2) that a school district proposed to experience a State school aid reduction in the 2024-2025 school year receive an additional amount of State school aid equal to the difference between the amount of aid received in the 2023-2024 school year and the amount of aid proposed for the 2024-2025 school year. The total funds that would be appropriated under the bill to effectuate these purposes is $210,135,047. The bill would shift a total of approximately $64.9 million in funds from current FY 2024 appropriations, as well as certain unexpended balances from appropriations made in prior fiscal years, to provide for a portion of the total funding needed to effectuate the purposes of the bill. In order to provide for the remaining need, the bill appropriates an additional $145.2 million from the General Fund for the bill's purposes.
AI Summary
This bill amends the fiscal year 2024 appropriations act to provide additional funding for state school aid to certain school districts. Specifically, the bill shifts approximately $64.9 million from existing appropriations across various state departments, including the Department of Community Affairs, Department of State, and Department of the Treasury, and provides a supplemental appropriation of $145.2 million from the General Fund and Property Tax Relief Fund. The bill ensures that school districts receive two key protections: first, districts that previously received Supplemental Stabilization Aid under a prior law will continue to receive that same amount of aid in the 2024-2025 school year, and second, districts experiencing a state school aid reduction will receive additional aid equal to the difference between their 2023-2024 and proposed 2024-2025 aid amounts. The total funding allocated for these purposes is $210,135,047, with $22.5 million coming from the Property Tax Relief Fund and $187.6 million from other sources. The bill is designed to maintain school district funding levels and prevent significant reductions in state educational aid, providing financial stability for local school systems.
Committee Categories
Education
Sponsors (9)
Robert Clifton (R)*,
Paul Kanitra (R)*,
Alex Sauickie (R)*,
John Azzariti (R),
Dawn Fantasia (R),
Vicky Flynn (R),
Michael Inganamort (R),
Greg McGuckin (R),
Gerry Scharfenberger (R),
Last Action
Introduced, Referred to Assembly Education Committee (on 05/02/2024)
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/A4230 |
| BillText | https://pub.njleg.gov/Bills/2024/A4500/4230_I2.HTM |
| BillText | https://pub.njleg.gov/Bills/2024/A4500/4230_I1.HTM |
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