Reestablishes senior citizen supplemental stabilization aid for school districts in municipalities with over 51% senior citizens.

This bill reestablishes the State education aid category known as senior citizen supplemental stabilization aid. This aid category was originally established under the “Comprehensive Educational Improvement and Financing Act of 1996” (CEIFA), P.L.1996, c.138, and provided additional aid to school districts located in municipalities in which at least 45% of the residents were 65 years old or older. The statute authorizing this State aid category was repealed with the passage of the “School Funding Reform Act of 2008,” P.L.2007, c.260.

Reestablishes senior citizen supplemental stabilization aid for school districts in municipalities with over 51% senior citizens.

This bill reestablishes the State education aid category known as senior citizen supplemental stabilization aid. This aid category was originally established under the “Comprehensive Educational Improvement and Financing Act of 1996” (CEIFA), P.L.1996, c.138, and provided additional aid to school districts located in municipalities in which at least 45% of the residents were 65 years old or older. The statute authorizing this State aid category was repealed with the passage of the “School Funding Reform Act of 2008,” P.L.2007, c.260.