NJ
New Jersey Assembly Bill A4230

New Jersey 2024-2025 Regular Session

New Jersey Assembly Bill A4230

Introduced
5/2/24  

Caption

Amends appropriations act to provide funding for restoration of State school aid reductions for certain school districts; shifts $64,920,000 from certain appropriations for purposes of restoring aid; provides supplemental appropriation of $145,215,047.

Impact

This legislative measure not only seeks to restore funding to schools adversely affected by previous budget cuts but also aims at stabilizing the financial conditions of those districts facing significant aid reductions. The legislation mandates that school districts which received Supplemental Stabilization Aid in the previous fiscal year continue to receive equal amounts, thereby allowing for consistency in budgetary support. For districts facing certain reductions in the upcoming 2024-2025 school year, the bill guarantees they will receive additional funds to cover the gap between their current and proposed future aid allocations.

Summary

Assembly Bill A4230 proposes an amendment to the fiscal year 2024 appropriations act aimed at redressing school aid reductions for specific school districts in New Jersey. The bill illustrates a commitment to ensuring equity in educational funding by addressing discrepancies in state aid allocations that have arisen due to adjustments made in recent fiscal plans. The total funding involved in the bill amounts to $210,135,047, of which approximately $64.9 million is drawn from existing FY 2024 appropriations, supplemented by an additional allocation of $145.2 million from the General Fund.

Contention

Despite the well-intended goals, various points of contention are anticipated around this bill. Critics argue that while the restoration of funds is necessary, there may be disagreements about the effectiveness of the current aid distribution mechanisms, with calls for a broader reform of how educational funding is structured in New Jersey. Some stakeholders may also question whether the fund reallocations sufficiently address the underlying issues in school finance that have left certain districts underfunded. Furthermore, there may be debates over the reliance on the General Fund for educational expenditures, raising concerns about the sustainability of such funding practices in future budgets.

Latest A4230 Activity

Companion Bills

NJ S3076

Same As Amends appropriations act to provide funding for restoration of State school aid reductions for certain school districts; shifts $64,920,000 from certain appropriations for purposes of restoring aid; provides supplemental appropriation of $145,215,047.

Similar Bills

NJ S3076

Amends appropriations act to provide funding for restoration of State school aid reductions for certain school districts; shifts $64,920,000 from certain appropriations for purposes of restoring aid; provides supplemental appropriation of $145,215,047.

NJ A4136

Provides additional State school aid to certain school districts; makes an appropriation.

IA HSB138

A bill for an act relating to public school funding by establishing the state percent of growth and the categorical state percent of growth for the budget year beginning July 1, 2025, modifying provisions relating to the property tax replacement payments and transportation equity payments, modifying provisions relating to the regular program state cost per pupil and funding for shared operational functions, establishing a school district funding supplement, making appropriations, and including effective date provisions.(See HF 319.)

IA HF319

A bill for an act relating to public school funding by establishing the state percent of growth and the categorical state percent of growth for the budget year beginning July 1, 2025, modifying provisions relating to the property tax replacement payments and transportation equity payments, modifying provisions relating to the regular program state cost per pupil and funding for shared operational functions, establishing a school district funding supplement, making appropriations, and including effective date provisions.(Formerly HSB 138.)

NJ S3904

"S2 Appropriations Rescue Act"; appropriates $106.5 million to provide Emergency Supplemental Aid to certain school districts, including districts negatively impacted by effects of P.L.2018, c.67.

NJ A5041

"S2 Appropriations Rescue Act"; appropriates $106.5 million to provide Emergency Supplemental Aid to certain school districts, including districts negatively impacted by effects of P.L.2018, c.67.

NJ A3957

Provides Supplemental Transportation Growth Aid for school districts in 2023-2024 school year; appropriates $31.6 million.

NJ A1323

Makes supplemental appropriation of up to $10 million to DOT for construction of highway guard rail along entirety of Route 208 through Franklin Lakes, Wyckoff, Hawthorne, Glen Rock, Fair Lawn, and Oakland in sections without highway guard rail, where necessary to ensure health and safety of motorists and residents whose properties abut Route 208.