Appropriates funds to support increases in tax levy resulting from health care costs in certain school districts.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Overview
This bill provides financial assistance to New Jersey school districts experiencing increased property tax levies due to rising healthcare costs. Specifically, it appropriates up to $50 million from the Property Tax Relief Fund to help districts cover these costs. The funds will be distributed based on each district’s share of the statewide increase in health care expenses, with eligibility requiring a property tax levy increase exceeding 9.9% compared to the previous year.
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