New Jersey S187 ensures no school district receives a State school aid reduction greater than five percent.

New Jersey S187 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 experiences a reduction in State school aid greater than five percent compared to the previous school year. County vocational school districts will receive the greater of the aid calculated under this bill or the amount calculated with vocational expansion stabilization aid. This provision aims to maintain a stable funding level for school districts, particularly benefiting those in vocational education.

New Jersey S187 ensures no school district receives a State school aid reduction greater than five percent.

New Jersey S187 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 experiences a reduction in State school aid greater than five percent compared to the previous school year. County vocational school districts will receive the greater of the aid calculated under this bill or the amount calculated with vocational expansion stabilization aid. This provision aims to maintain a stable funding level for school districts, particularly benefiting those in vocational education.