Appropriates funds to support increases in tax levy resulting from health care costs in certain school districts.

This bill appropriates up to $50 million from the Property Tax Relief Fund to help school districts in New Jersey offset tax levy increases caused by rising health care costs. It specifically targets qualifying districts where the adjusted tax levy for the 2026-2027 school year has increased by more than 9.9 percent compared to the 2024-2025 school year. The amount each district receives is calculated based on its proportionate share of the statewide increase in health care costs. The legislation takes effect immediately and aims to provide financial relief to districts facing steep tax hikes due to a 29.9 percent allowable adjustment for health care expenses.