Requires Commissioner of Education to take certain action concerning preliminary State school aid notices and school district budgets and creates New Jersey Education Funding Portal; modifies certain provisions in school funding law.
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Progress
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- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill aims to improve how New Jersey distributes school funding. It requires the Commissioner of Education to provide districts with early notices of State aid and to notify them of projected property and income rates used for calculating local school funding. The bill also creates a new online portal, the New Jersey Education Funding Portal, to allow districts and the public to see how data inputs affect aid calculations, and it modifies how equalized valuation and district income are determined. Finally, it establishes specific rates for the 2026-2027 school year.
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