"Fairness for Coastal School Districts in Development Restricted Areas Act"; provides State aid to certain school districts located in municipalities subject to CAFRA.

This bill, titled the "Fairness for Coastal School Districts in Development Restricted Areas Act," provides additional state funding to specific school districts located in New Jersey municipalities restricted by the Coastal Area Facility Review Act. To qualify, a school district must have a resident enrollment of over 500 students, be situated in an area where at least 20 percent of the municipality is coastal, and have experienced a net loss in state school aid between the 2017-2018 and 2024-2025 school years. The funding amount is calculated by multiplying $275 by the number of coastal acres in the municipality, with annual caps of $2.5 million for districts with fewer than 1,000 students and $5 million for those with more. The legislation applies to the first full school year following its enactment and aims to supplement existing state aid formulas for these eligible districts.