Bill
Bill > A2764
NJ A2764
NJ A2764Ensures that certain regional school districts receive no less than total amount of State school aid provided in 2024-2025 school year.
summary
Introduced
01/13/2026
01/13/2026
In Committee
01/13/2026
01/13/2026
Crossed Over
Passed
Dead
Introduced Session
2026-2027 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 establishes a new type of state school funding called "regional stabilization aid" to ensure that certain regional school districts, specifically those made up of more than seven smaller school districts, receive at least the same amount of state school aid they received in the 2024-2025 school year. This guaranteed amount will be the greater of the aid calculated under current school funding laws or the total aid from the 2024-2025 school year, which includes various types of aid like equalization aid (designed to help districts with less local funding), special education aid, security aid, transportation aid, adjustment aid (to smooth out funding changes), and any "Stabilized School Budget aid" provided under a previous law (P.L.2024, c.13). This new aid category is intended to provide financial stability for these larger regional districts, and it will be distributed starting in the 2025-2026 school year.
Committee Categories
Education
Sponsors (1)
Last Action
Introduced, Referred to Assembly Education Committee (on 01/13/2026)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2026/A2764 |
| BillText | https://pub.njleg.gov/Bills/2026/A3000/2764_I1.HTM |
Loading...