Establishes Stabilization Aid for certain school districts experiencing reductions in State school aid or other budgetary imbalances; establishes Education Rescue Grants for certain school districts experiencing reductions in teaching staff.
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Progress
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- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill creates two new categories of state school aid for New Jersey districts facing financial challenges. Stabilization Aid is available to districts experiencing reduced state school funding or budgetary imbalances, requiring a plan for future funding. Education Rescue Grants are designed to help districts hire or retrain teaching staff if they’ve experienced a reduction in their workforce. These grants would be used solely for teacher salaries.
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