This bill amends Section 4 of P.L.2018, c.67 (C.18A:7F-68) to ensure that school districts spending below adequacy will not face reductions in State school aid during the 2019-2020 through 2024-2025 school years. Specifically, it removes the previous stipulation that only certain districts, such as SDA districts located in municipalities with higher tax rates, were exempt from these reductions. The new language clarifies that any school district, regardless of its classification, that is spending below adequacy as defined in the law will be protected from State aid cuts.

Additionally, the bill retains the existing framework for districts that are spending above adequacy, which will still face reductions in State aid according to a specified schedule. The changes aim to provide more equitable support for districts struggling to meet funding adequacy, ensuring that they can maintain necessary resources without the threat of financial penalties. The bill is set to take effect immediately upon passage.

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