S 440 New Jersey Senate · 2024-2025 Regular Session

Prevents State school aid reduction in school districts that experienced decrease in equalized valuation and are located in certain counties.

This bill prevents reductions in state school funding for specific New Jersey school districts. It protects districts in Atlantic, Cape May, Monmouth, and Ocean counties (classified as fifth or sixth class) if their property value assessments fall below 2012-2013 levels. The law ensures these districts receive at least the same total state aid they received in the 2017-2018 school year, excluding preschool, special education, school choice, and debt service funds. The measure specifically targets districts still recovering from Superstorm Sandy's property damage.
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2024
Committee Review
Floor Vote
Governor
Introduced Jan 9, 2024 Last action Jan 9, 2024
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Jan 9, 2024
Introduced
Introduced in the Senate, Referred to Senate Education Committee
upper
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Jim Holzapfel
Jim Holzapfel
RRepublican
NJ
10