Reestablishes senior citizen supplemental stabilization aid for school districts in municipalities with over 51% senior citizens.
This bill reestablishes the senior citizen supplemental stabilization aid for school districts in municipalities with over 51% senior citizens. The aid, which was originally established under the "Comprehensive Educational Improvement and Financing Act of 1996" and later repealed, provides $500 per pupil for students in qualifying municipalities. The aid is not adjusted based on the school district’s actual resident enrollment in the budget year.
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