New Jersey S490 allocates $106.5 million in emergency aid to school districts affected by budget cuts from P.L.2018, c.67.
New Jersey S490, the "S2 Appropriations Rescue Act," allocates $106.5 million from the Property Tax Relief Fund to the Department of Education. This funding aims to provide Emergency Supplemental Aid to school districts negatively impacted by the budgetary effects of P.L.2018, c.67. Eligible districts must have been allocated less than their adequacy budget and less than $19,000 per resident pupil in the 2024-2025 school year. The aid amount is calculated by multiplying $250 by the number of resident pupils in the district.
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