Includes adjustment aid in calculation of districts' payments to charter schools under certain circumstances.
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Progress
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- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill adjusts how much money New Jersey school districts pay to charter schools for students who live within the district. Currently, districts typically pay 90% of their school funding to charter schools for resident students. However, if a district’s funding is lower than its ‘adjustment aid,’ the bill would require them to pay 60% instead. This change aims to ensure charter schools receive more equitable funding, particularly when districts have significant adjustment aid.
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1 on record
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