Establishes Stabilized School Budget Aid Grant Program to restore certain portions of State school aid reductions.
The bill establishes the Stabilized School Budget Aid Grant Program in the Department of Education to provide aid grants to eligible school districts of up to two-thirds of the amount of the districts’ State school aid reductions for the 2024-2025 school year. Eligible school districts must apply to the commissioner and meet conditions related to raising their local tax levy. The bill appropriates $71.4 million to fund the program.
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