ASSEMBLY, No. 746

STATE OF NEW JERSEY

222nd LEGISLATURE

 

PRE-FILED FOR INTRODUCTION IN THE 2026 SESSION

 


 

Sponsored by:

Assemblyman GREGORY P. MCGUCKIN

District 10 (Monmouth and Ocean)

 

 

 

 

SYNOPSIS

     Requires certain school districts to receive additional State aid for certain State school aid reductions from previous school years; authorizes appropriation.

 

CURRENT VERSION OF TEXT

     Introduced Pending Technical Review by Legislative Counsel.

  


An Act concerning State school aid and making an appropriation.

 

     Be It Enacted by the Senate and General Assembly of the State of New Jersey:

 

     1.    a.  Notwithstanding the provisions of P.L.2007, c.260 (C.18A:7F-43 et seq.) and P.L.2018, c.67 (C.18A:7F-67 et al.) or any other law, rule, or regulation to the contrary, a school district shall be eligible for additional State aid equal to the sum of any reductions in State school aid greater than three percent of the prior year’s State school aid experienced in any of the 2020-2021 through the 2024-2025 school years.

     b.    As used in this section, “State school aid” means the sum of a district’s equalization aid, transportation aid, special education categorical aid, security categorical aid, and adjustment aid as distributed pursuant to the provisions of P.L.2018, c.67 (C.18A:7F-67 et al.).

 

     2.    There is appropriated from the Property Tax Relief Fund to the Department of Education such amounts as are necessary to effectuate the provisions of this act.

 

     3.    This act shall take effect immediately.

 

 

STATEMENT

 

     This bill requires the Department of Education to provide additional State aid to school districts for certain State school aid reductions experienced in the 2020-2021 through 2024-2025 school years.

     Under the bill, school districts would receive the additional aid equaling the total sum of reductions in excess of three percent of the prior year’s State school aid.  The amount would be determined using the amount of equalization aid, transportation aid, special education categorical aid, security categorical aid, and adjustment aid received by a district.