Ensures that certain regional school districts receive no less than total amount of State school aid provided in 2024-2025 school year.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill aims to provide greater financial stability to regional school districts in New Jersey. It establishes ‘regional stabilization aid,’ guaranteeing these districts receive at least the amount of state school aid they received in the 2024-2025 school year, or the amount calculated under existing state funding laws – whichever is higher. The aid includes various categories of funding like equalization and special education support. The bill will take effect immediately and be first distributed in the 2025-2026 school year.
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