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A5054
ASSEMBLY, No. 5054
STATE OF NEW JERSEY
222nd LEGISLATURE
�
INTRODUCED MAY 14, 2026
Sponsored by:
Assemblyman� ROBERT J. KARABINCHAK
District 18 (Middlesex)
SYNOPSIS
���� Requires State school aid reductions in any school
year to be applied in following school year.
CURRENT VERSION OF TEXT
���� As introduced.
��
An Act
concerning State school aid 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.� As used in this
section, �State school aid� means the sum of the following categories of State
school aid: equalization aid, special education categorical aid, security
categorical aid, transportation aid, and vocational expansion stabilization
aid.
���� b.��� Notwithstanding the
provisions of P.L.2007, c.260 (C.18A:7F-43 et al.) or any other law, rule, or
regulation to the contrary, a school district that is subject to a reduction in
State school aid in the budget year as set forth in the State aid notices distributed
to school districts pursuant to section 5 of P.L.1996, c.138 (C.18A:7F-5) shall
receive State school aid for the budget year in an amount equal to the
district�s aid received in the prebudget year.� The amount of any reduction not
applied to the district�s allocation of State school aid in the budget year
pursuant to this section shall be deducted from the district�s State school aid
allocation in the following budget year.
���� 2.��� This act shall take
effect immediately.
STATEMENT
���� This bill holds harmless a
school district that, in one year school, is subject to a State school aid
reduction.� The amount of the reduction that otherwise would have occurred for
the district in that school year, however, would be applied to the district�s
allocation of State school aid provided in the following school year.