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S 4318 New Jersey Senate · 2026-2027 Regular Session

Appropriates funds to support increases in tax levy resulting from health care costs in certain school districts.

This bill allocates up to $50 million from the Property Tax Relief Fund to help school districts cover tax increases caused by rising health care costs. To qualify, a district must have seen its adjusted tax levy rise by more than 9.9 percent between the 2024-2025 and 2026-2027 school years. The specific amount each eligible district receives is calculated based on its proportional share of the statewide increase in health care expenses. This measure aims to offset the financial burden on taxpayers resulting from a significant allowable adjustment to property taxes for health care purposes.
Issues: ✓ Budget & TaxesSupports Budget & TaxesBill allocates $50M to offset tax increases for school districts, directly funding essential public services and protecting local budgets.95% confidence ✓ EducationSupports EducationBill allocates $50M to offset tax increases caused by health care costs, helping districts maintain funding for operations.85% confidence ✓ HealthcareSupports HealthcareBill allocates $50M to offset tax increases caused by rising healthcare costs, effectively supporting the financial stability of school districts facing these expenses.85% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
May 2026
Committee Review
Floor Vote
Governor
Introduced May 21, 2026 Last action May 21, 2026
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1
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Committee
0
May 21, 2026
Introduced
Introduced in the Senate, Referred to Senate Education Committee
upper
0 primary · 0 co-sponsors

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