Includes adjustment aid in calculation of districts' payments to charter schools under certain circumstances.

This bill (A394) modifies how New Jersey school districts calculate payments to charter schools for students residing in those districts. It requires districts to include adjustment aid in payments when 50% of the base funding (equalization aid plus general fund tax levy, adjusted for inflation) is less than the district's adjustment aid per pupil. Under the change, districts must then pay charter schools 60% of the combined total (equalization aid, adjustment aid, and general fund tax levy, adjusted for inflation). The bill directly affects school districts, charter schools, and students enrolled in charter schools who live in the district. It ensures charter schools receive more equitable funding in specific cases where adjustment aid would otherwise be excluded.