NJ S55

Bill

Prevents State school aid reduction in school districts that experienced decrease in equalized valuation and are located in certain counties.

Introduced
01/13/2026

In Committee
01/13/2026

Crossed Over

Passed

Dead

Introduced Session

2026-2027 Regular Session

Bill Summary

This bill provides that a school district located in a county of the fifth or sixth class will not experience a reduction in State school aid relative to the 2017-2018 school year if the district's equalized valuation for the budget year is less than the equalized valuation for the 2012-2013 budget year. The bill's provisions apply to school districts located in Atlantic, Cape May, Monmouth, and Ocean Counties. The bill's intent is to prevent a reduction in State aid in school districts in areas most heavily impacted by Superstorm Sandy and whose property valuations have yet to recover from the damage caused by the storm.

AI Summary

This bill ensures that school districts located in counties classified as fifth or sixth class, specifically those in Atlantic, Cape May, Monmouth, and Ocean Counties, will not receive less State school aid than they did in the 2017-2018 school year, provided their "equalized valuation" (the assessed value of taxable property in a district) for the current budget year is lower than it was in the 2012-2013 budget year. The bill defines "total State aid" as direct financial assistance from the state to school districts, excluding specific categories like preschool, extraordinary special education, school choice, and debt service aid. This measure is intended to support school districts in areas significantly impacted by Superstorm Sandy, where property values have not yet recovered from the storm's damage, by preventing a reduction in their state funding.

Committee Categories

Education

Sponsors (1)

Jim Holzapfel (R)*,

Last Action

Introduced in the Senate, Referred to Senate Education Committee (on 01/13/2026)

Official Document

https://www.njleg.state.nj.us/bill-search/2026/S55

(3 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://www.njleg.state.nj.us/bill-search/2026/S55
BillText	https://pub.njleg.gov/Bills/2026/S0500/55_I1.HTM

Bill	Bill Name	Last Action	Type
A712	Prevents State school aid reduction in school districts that experienced decrease in equalized valuation and are located in certain counties.	Introduced, Referred to Assembly Education Committee	Same As
A818	Prevents State school aid reduction in school districts that experienced decrease in equalized valuation and are located in certain counties.	Introduced, Referred to Assembly Education Committee	Carry Over
S440	Prevents State school aid reduction in school districts that experienced decrease in equalized valuation and are located in certain counties.	Introduced in the Senate, Referred to Senate Education Committee	Carry Over

Bill > S55

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (1)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary