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 penalties that could hinder their ability to provide quality education.

Additionally, the bill outlines the calculation of State school aid, which includes equalization aid, special education categorical aid, security categorical aid, and transportation aid, as defined in previous legislation. The act is set to take effect immediately and will apply to State school aid distributed in the first full school year following its enactment. Overall, the bill seeks to provide financial stability for regional school districts that meet the specified criteria, thereby promoting equitable funding across the education system.

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