Bill Text: NJ S2813 | 2010-2011 | Regular Session | Introduced
Bill Title: Establishes formula for distribution of State aid to school districts.
Sponsorship: Partisan Bill (Republican 1)
Status: (Introduced - Dead) 2011-04-11 - Introduced in the Senate, Referred to Senate Education Committee [S2813 Detail]
Download: New_Jersey-2010-S2813-Introduced.html
Sponsored by:
Senator CHRISTOPHER "KIP" BATEMAN
District 16 (Morris and Somerset)
SYNOPSIS
Establishes formula for distribution of State aid to school districts.
CURRENT VERSION OF TEXT
As introduced.
An Act concerning State school aid and supplementing Title 18A of the New Jersey Statutes.
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. Notwithstanding the provisions of P.L.2007, c.260 (C.18A:7F-43 et al.) or any other law to the contrary, State school aid for the first school year beginning after the effective date of P.L. , c. (C. ) (pending before the Legislature as this bill) and for each subsequent school year shall be provided to school districts as follows:
a. The Department of Education shall determine each public school district's projected resident enrollment for the budget year and the total Statewide public school resident enrollment.
b. The State Treasurer shall determine the total projected revenue from the State income tax for the budget year.
c. State aid for each school district for the budget year shall be determined pursuant to the following formula:
SDSA = 0.75 * (TPITR/TPRE) * DPRE
where
SDSA is School District State Aid;
TPITR is Total Projected Income Tax Revenue;
TPRE is Total Projected Resident Enrollment; and
DPRE is District Projected Resident Enrollment.
2. This act shall take effect immediately.
STATEMENT
This bill establishes a new formula for the allocation of State aid to school districts. The bill provides school district State aid by determining a per pupil amount of State aid and multiplying that amount by the school district's projected resident enrollment for the budget year. The per pupil State aid amount is determined after the State Treasurer projects the total revenue amount from the State income tax for the budget year. Following the determination of the projected total State income tax, the Department of Education is to divide 75 percent of that amount by the total projected resident enrollment of the school districts. The department determines each school district's State aid by multiplying this per pupil State aid amount by the district's projected resident enrollment.
