Requires nonpublic secondary schools and independent institutions of higher education to make payment to school districts for educational costs of students residing in tax-exempt housing upon adoption of resolution by municipal governing body.

S 3357 requires nonpublic secondary schools (grades 9-12) and independent colleges/universities in New Jersey to pay school districts for students living in tax-exempt housing owned by those institutions. The payment equals the district's per-pupil general fund local levy amount, calculated by dividing the district's total local levy by its resident enrollment. School districts must notify these institutions annually by November 1 of the required payment amount and student count, with institutions required to pay within 60 days. This applies only to students enrolled in public school districts or charter schools who reside in tax-exempt facilities on the nonpublic school or higher education institution's property.