New Jersey A728 shields school districts spending below adequacy from certain State school aid reductions.

New Jersey A728 amends existing law to ensure that school districts spending below adequacy are exempt from specific State school aid reductions. This protection applies to districts located in municipalities where the equalized total tax rate exceeds the Statewide average by at least 10 percent and are spending below adequacy by at least 10 percent. The bill specifies that any reductions in State aid should first be deducted from adjustment aid, followed by other aid categories, ensuring a structured approach to aid distribution.

New Jersey A728 shields school districts spending below adequacy from certain State school aid reductions.

New Jersey A728 amends existing law to ensure that school districts spending below adequacy are exempt from specific State school aid reductions. This protection applies to districts located in municipalities where the equalized total tax rate exceeds the Statewide average by at least 10 percent and are spending below adequacy by at least 10 percent. The bill specifies that any reductions in State aid should first be deducted from adjustment aid, followed by other aid categories, ensuring a structured approach to aid distribution.