Bill Text: NJ A818 | 2024-2025 | Regular Session | Introduced

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Bill Title: Prevents State school aid reduction in school districts that experienced decrease in equalized valuation and are located in certain counties.

Spectrum: Slight Partisan Bill (Republican 3-1)

Status: (Introduced) 2024-01-09 - Introduced, Referred to Assembly Education Committee [A818 Detail]

Download: New_Jersey-2024-A818-Introduced.html

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ASSEMBLY, No. 818

STATE OF NEW JERSEY

221st LEGISLATURE

 

PRE-FILED FOR INTRODUCTION IN THE 2024 SESSION

 

 

Sponsored by:

Assemblyman  GREGORY P. MCGUCKIN

District 10 (Monmouth and Ocean)

 

 

 

 

SYNOPSIS

     Prevents State school aid reduction in school districts that experienced decrease in equalized valuation and are located in certain counties.

 

CURRENT VERSION OF TEXT

     Introduced Pending Technical Review by Legislative Counsel.

  

An Act concerning State school aid to school districts located in certain counties and supplementing P.L.2007, c.260 (C.18A:7F-43 et al.).

 

     Be It Enacted by the Senate and General Assembly of the State of New Jersey:

 

     1.    a.     Notwithstanding the provisions of any law to the contrary, a school district's total State aid in the budget year shall be no less than the school district's total State aid in the 2017-2018 school year if the school district is located in a county of the fifth or sixth class and the equalized valuation for the budget year is less than the equalized valuation for the 2012-2013 budget year.

     b.    As used in this section, "total State aid" means direct State aid provided to school districts, other than preschool education aid, extraordinary special education costs aid, school choice aid, and debt service aid.

 

     2.    This act shall take effect immediately.

 

 

STATEMENT

 

     This bill provides that a school district located in a county of the fifth or sixth class will not experience a reduction in State school aid relative to the 2017-2018 school year if the district's equalized valuation for the budget year is less than the equalized valuation for the 2012-2013 budget year.  The bill's provisions apply to school districts located in Atlantic, Cape May, Monmouth, and Ocean Counties.  The bill's intent is to prevent a reduction in State aid in school districts in areas most heavily impacted by Superstorm Sandy and whose property valuations have yet to recover from the damage caused by the storm.