Prevents State school aid reduction in school districts that experienced decrease in equalized valuation and are located in certain counties.

This bill prevents reductions in New Jersey state school aid for specific districts. It protects districts in Atlantic, Cape May, Monmouth, and Ocean Counties (fifth/sixth class counties) if their property value assessments (equalized valuation) for the current year are lower than in the 2012-2013 school year. If this condition is met, the district’s total state aid cannot be less than what it received in the 2017-2018 school year. The protection excludes preschool aid, special education costs aid, school choice aid, and debt service aid.