The "S2 Appropriations Rescue Act" proposes an appropriation of $106.5 million from the Property Tax Relief Fund to the New Jersey Department of Education to provide Emergency Supplemental Aid to specific school districts adversely affected by the funding changes introduced by P.L.2018, c.67. The bill outlines eligibility criteria for districts to receive this aid, which includes having a total amount of State school aid in the 2024-2025 school year that is less than the district's adequacy budget, less than or equal to $19,000 per resident pupil, and either less than or equal to the total amount of State school aid allocated in the 2023-2024 school year or greater by up to $200,000. The aid amount for each eligible district will be calculated by multiplying $250 by the number of resident pupils.

This legislation aims to address the significant budgetary challenges faced by numerous school districts across New Jersey, which have resulted in severe cuts to educational programs, staff layoffs, and other detrimental impacts on student learning. The bill seeks to provide emergency funding to stabilize the budgets of affected districts, ensuring that they can continue to offer quality education to their students. The act is set to take effect immediately upon passage.