Bill > A4404

Introduced Session

This bill establishes a State aid reduction cap to ensure that the amount of State school aid disbursed to a school district in any given school year is not reduced from the prior year's amount of aid by an amount greater than the cap. Under the bill, the State aid reduction cap for a school district is equal to five percent of the district's net budget for the prior year. A district's net budget is defined under current law as the sum of the district's general fund tax levy, State aid other than preschool education aid, miscellaneous revenue, and designated general fund balance. Under current law, there is no limitation on the size of a district's State aid reduction.

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Vicky Flynn (R)*,  Gerry Scharfenberger (R)*, 

Introduced, Referred to Assembly Education Committee (on 05/16/2024)

Official Document