This bill introduces a cap on the reduction of State school aid, limiting any decrease in funding to a maximum of one percent compared to the previous year's aid amount. This provision applies notwithstanding existing laws and regulations, ensuring that no school district will experience a reduction in State school aid exceeding this cap during any school year.

Additionally, the bill amends existing legislation to clarify the calculation of State school aid for districts with positive or negative State aid differentials. It specifies that districts with a positive differential will have their aid reduced according to a predetermined schedule, while those with a negative differential will receive aid based on their prior year's funding plus a share of any increases in State aid. The bill also includes various conditions under which certain districts may be exempt from reductions in State aid, ensuring that funding remains stable for those meeting specific criteria.

Statutes affected:
Introduced: 18A:7F-68