New Jersey A3726 ensures no school district receives a State school aid reduction greater than five percent.
New Jersey A3726 introduces a new category of State school aid called "stabilized reduction aid." This aid ensures that, starting from the 2024-2025 school year, no school district receives a reduction in State school aid greater than five percent compared to the prior school year. The bill also specifies that county vocational school districts will receive the greater of the amount of State school aid calculated under the bill or the amount received in the prior school year. The act takes effect immediately.
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