"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.

S 3904, the "S2 Appropriations Rescue Act," provides $106.5 million in emergency aid to New Jersey school districts negatively impacted by P.L.2018, c.67 (the "S2" funding formula). It targets districts receiving less than their calculated adequacy budget or $19,000 per resident student in 2024-2025, and either less than or no more than $200,000 above their 2023-2024 State school aid. Eligible districts receive $250 per resident student (based on enrollment as of October 16, 2023) to offset budget shortfalls. This aid aims to stabilize school budgets strained by years of S2-related funding reductions, helping districts avoid staff layoffs, program cuts, and facility closures.