"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 municipalities restricted by the Coastal Area Facility Review Act (CAFRA). To qualify, a school district must have experienced a net loss in state aid since 2017-2018, have more than 500 students, and be situated entirely within a municipality where at least 20 percent of the land is coastal. The funding amount is calculated by multiplying $275 by the number of coastal acres in the municipality, with a maximum cap of $2.5 million for districts under 1,000 students and $5 million for larger districts. This financial support is intended to supplement existing state aid and address fiscal challenges faced by districts in areas with limited development potential.