Bill
Bill > A712
NJ A712
NJ A712Prevents State school aid reduction in school districts that experienced decrease in equalized valuation and are located in certain counties.
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 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 in certain counties, specifically Atlantic, Cape May, Monmouth, and Ocean Counties, will not see a reduction in their State school aid compared to the 2017-2018 school year if 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, and if the district is located in a fifth or sixth-class county. The intent behind this legislation is to protect school districts in areas that were significantly impacted by Superstorm Sandy and whose property values have not yet recovered from the storm's damage, by preventing a decrease in "total State aid," which refers to direct financial assistance from the state excluding specific categories like preschool, special education, school choice, and debt service aid.
Committee Categories
Education
Sponsors (4)
Last Action
Introduced, Referred to Assembly Education Committee (on 01/13/2026)
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/2026/A712 |
| BillText | https://pub.njleg.gov/Bills/2026/A1000/712_I1.HTM |
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