Appropriates funds up to $25 million for distribution to certain school districts to support health care cost increases.
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Progress
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- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Overview
This bill allocates up to $25 million in funds from the Property Tax Relief Fund to help New Jersey school districts cover rising healthcare costs. The money will be distributed to school districts that meet specific criteria, including spending below adequacy, having limited tax levy increase authority, and not utilizing banked cap funds. Districts receiving funds will receive an amount proportional to their share of the statewide increase in healthcare costs.
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