S 3357
Requires nonpublic secondary schools and independent institutions of higher education to make payment to school districts for educational costs of students residing in tax-exempt housing upon adoption of resolution by municipal governing body.
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Sign in to take action- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Bill overview
This bill requires nonpublic secondary schools and independent institutions of higher education in New Jersey to pay school districts for the educational costs of students residing in tax-exempt housing. The payment amount is calculated based on the district’s per-pupil general fund local levy. Municipal governing bodies must adopt a resolution to trigger these payments. The bill also adjusts school district tax levy growth caps to account for these payments, potentially reducing property taxes for residents.
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