S 2911
"School Property Tax Relief Trust Fund Act"; appropriates $2 billion.
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- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Bill overview
```json { "summary": "This bill, the \"School Property Tax Relief Trust Fund Act,\" creates a new state fund to provide property tax relief to New Jersey schools. It appropriates $2 billion from the General Fund and potentially federal COVID-19 relief funds to be held in a revolving trust fund. These funds will be used to provide grants to school districts for capital improvements, teacher hiring, and employee wage increases, with specific preferences given to districts actively addressing affordable housing needs.", "keyProvisions": [ "Establishes a \$2 billion School Property Tax Relief Trust Fund.", "Provides grants to school districts for capital improvements, teacher hiring, and employee benefits.", "Prioritizes grant applications from districts with plans for cost sav
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