S.1552

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which was originally established under the "Comprehensive Educational Improvement and Financing Act of 1996" and later repealed, provides $500 per pupil for students in qualifying municipalities.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.