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S 2 - Amends School Funding Formula - New Jersey Key Vote

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Title: Amends School Funding Formula

Vote Smart's Synopsis:

Vote to pass a bill that amends the school funding formula.

Highlights:

 

  • Repeals provisions that prohibited a school district's state aid from increasing from one year to the next by more than the state aid growth limit (Secs. 1-7).

  • Specifies that in the case of a school district in which the state aid received in the 2017-2018 school year is less than the amount that the district would receive in the absence of the state aid growth limit, the following applies (Secs. 4-6):

    • The district will receive an increase in aid equal to its proportionate share of the sum of any additional state aid included in the annual budget and the amount of any aid reduction made to other school districts.

  • Specifies that if the state aid received by a district in the 2017-2018 school year is greater than the amount that the district would receive in the absence of the state aid growth limit, the excess aid is phased out over a 7-year period (Secs. 4-6).

See How Your Politicians Voted

Title: Amends School Funding Formula

Vote Smart's Synopsis:

Vote to pass a bill that amends the school funding formula.

Highlights:

 

  • Repeals provisions that prohibited a school district's state aid from increasing from one year to the next by more than the state aid growth limit (Secs. 1-7).

  • Specifies that in the case of a school district in which the state aid received in the 2017-2018 school year is less than the amount that the district would receive in the absence of the state aid growth limit, the following applies (Secs. 4-6):

    • The district will receive an increase in aid equal to its proportionate share of the sum of any additional state aid included in the annual budget and the amount of any aid reduction made to other school districts.

  • Specifies that if the state aid received by a district in the 2017-2018 school year is greater than the amount that the district would receive in the absence of the state aid growth limit, the excess aid is phased out over a 7-year period (Secs. 4-6).

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