This bill establishes a new category of State school aid called regional stabilization aid, specifically designed for regional school districts that consist of more than seven constituent school districts. The aid guarantees that these districts will receive no less than the total amount of State school aid they received in the 2024-2025 school year. This total includes various forms of aid such as equalization aid, special education categorical aid, security categorical aid, transportation aid, adjustment aid, and any Stabilized School Budget aid granted under P.L.2024, c.13.
The bill stipulates that regional stabilization aid will be distributed starting in the 2025-2026 school year, ensuring that eligible districts are financially supported in a manner that reflects their previous funding levels. This measure aims to provide stability and predictability in funding for larger regional school districts, thereby enhancing their ability to plan and deliver educational services effectively.