This bill amends existing law to ensure that regional school districts are not subject to reductions in State school aid under specific conditions. It establishes that a regional school district spending at least 10 percent below adequacy, where each constituent school district is located in a municipality with an equalized total tax rate at least 10 percent greater than the Statewide average, will not face reductions in State aid. This provision aims to protect these districts from financial strain while they work to meet educational adequacy standards.

Additionally, the bill outlines the calculation of State school aid, which includes equalization aid, special education categorical aid, security categorical aid, and transportation aid. The changes are designed to provide stability in funding for regional school districts during the 2019-2025 school years, particularly for those facing financial challenges. The act will take effect immediately and will first apply to State school aid distributed in the first full school year following its enactment.

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