Establishes a one percent cap on reductions in State school aid for New Jersey school districts.

This bill sets a one percent cap on reductions in State school aid for New Jersey school districts. It ensures that no school district receives a reduction in State aid that exceeds one percent of the prior year's aid amount. The bill also outlines specific conditions under which certain districts are exempt from reductions in State aid. The cap applies to all school districts, with exceptions for districts in municipalities with higher tax rates and those spending below adequacy. The bill further details the allocation of any increases or decreases in State aid among various aid categories.

Establishes a one percent cap on reductions in State school aid for New Jersey school districts.

This bill sets a one percent cap on reductions in State school aid for New Jersey school districts. It ensures that no school district receives a reduction in State aid that exceeds one percent of the prior year's aid amount. The bill also outlines specific conditions under which certain districts are exempt from reductions in State aid. The cap applies to all school districts, with exceptions for districts in municipalities with higher tax rates and those spending below adequacy. The bill further details the allocation of any increases or decreases in State aid among various aid categories.