Reestablishes senior citizen supplemental stabilization aid.

This bill reestablishes a state education aid program providing $500 per student to school districts located in New Jersey municipalities where over 51% of residents are age 65 or older (based on the 2000 census). It directly affects school districts in qualifying communities like Manchester Township and Berkeley Township, which are part of the Central Regional School District. The aid is calculated based on projected student enrollment in these areas and is added to existing state funding without adjustment for actual enrollment. The program, previously repealed in 2008, aims to stabilize school funding in communities with high senior populations by reducing municipal tax burdens.