Reestablishes senior citizen supplemental stabilization aid.
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Progress
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- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Overview
This bill aims to restore state education funding specifically for school districts with a high percentage of senior citizens. It reestablishes ‘senior citizen supplemental stabilization aid,’ providing an additional $500 per student in municipalities where over 51% of residents are 65 or older, as determined by the most recent federal census. This aid will be calculated based on projected enrollment and will be applied to both individual districts and regional school districts, potentially reducing a municipality’s share of the regional school tax levy.
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