Bill
Bill > A5693
NJ A5693
NJ A5693Ensures that certain regional school districts receive no less than total amount of State school aid provided in 2024-2025 school year.
summary
Introduced
05/15/2025
05/15/2025
In Committee
05/15/2025
05/15/2025
Crossed Over
Passed
Dead
01/12/2026
01/12/2026
Introduced Session
2024-2025 Regular Session
Bill Summary
This bill creates a new category of State school aid known as "regional stabilization aid." The aid ensures that certain regional school districts receive the greater of: 1) the amount of State school aid calculated pursuant to the current school funding law; or 2) the sum of the district's State school aid in the 2024-2025 school year, which includes equalization aid, special education categorical aid, security categorical aid, transportation aid, adjustment aid, and any Stabilized School Budget aid provided to the district pursuant to P.L.2024, c.13. A regional school district is eligible for regional stabilization aid if the district consists of more than seven constituent school districts.
AI Summary
This bill creates a new category of State school aid called "regional stabilization aid" specifically for regional school districts that consist of more than seven constituent school districts. The bill ensures that these districts will receive the higher of two potential amounts: either the State aid calculated under existing school funding law (P.L.2007, c.260) or the total amount of State school aid they received in the 2024-2025 school year. The total school aid for the 2024-2025 school year includes several different types of aid: equalization aid, special education categorical aid, security categorical aid, transportation aid, adjustment aid, and any Stabilized School Budget aid grants. The purpose of this legislation appears to be protecting larger regional school districts from potential funding reductions by guaranteeing they will not receive less funding than they did in the 2024-2025 school year. The bill will take effect immediately, with the first distribution of regional stabilization aid occurring in the 2025-2026 school year.
Committee Categories
Education
Sponsors (1)
Last Action
Introduced, Referred to Assembly Education Committee (on 05/15/2025)
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/A5693 |
| BillText | https://pub.njleg.gov/Bills/2024/A6000/5693_I1.HTM |
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