Reestablishes senior citizen supplemental stabilization aid.
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Progress
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- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill aims to restore financial support for school districts in New Jersey that have a high percentage of senior citizens. It re-establishes ‘senior citizen supplemental stabilization aid,’ providing additional funding to these districts based on projected student enrollment. The aid is calculated at $500 per student residing in municipalities with over 51% residents aged 65 or older, and adjustments are made for regional school districts to account for the impact on local tax shares.
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