Establishes a formula for the distribution of State aid to 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 creates a new formula for how the state distributes financial aid to school districts. The formula uses projected state income tax revenue and student enrollment to determine the amount of aid each district receives. The Department of Education will calculate aid based on each district’s projected enrollment, while the State Treasurer will determine the overall revenue available for distribution. This aims to ensure adequate funding for public schools in New Jersey.
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Primary sponsor
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