Bill
Bill > A1590
NJ A1590
NJ A1590Provides tax levy growth limitation adjustment for school districts experiencing reduction in State aid.
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
Current law limits the amount by which a school district may annually increase its general fund tax levy without voter approval. Specifically, the tax levy may not increase by more than two percent, plus adjustments for enrollment growth and increases in health care costs and pension contributions that exceed two percent. This bill provides an additional adjustment to the tax levy growth limitation. The adjustment would be equal to the school district's decrease in State school aid relative to the prior year.
AI Summary
This bill modifies the existing law that limits how much a school district can increase its property taxes each year without voter approval, which is generally capped at a 2% increase plus adjustments for enrollment growth and rising healthcare and pension costs. Specifically, this bill adds a new provision allowing school districts to increase their tax levy by an additional amount equal to any decrease they experience in State school aid compared to the previous year, excluding aid for debt service and preschool education. This adjustment is intended to help school districts cope with reduced funding from the state.
Committee Categories
Education
Sponsors (1)
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/A1590 |
| BillText | https://pub.njleg.gov/Bills/2026/A2000/1590_I1.HTM |
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