"S2 Appropriations Rescue Act"; appropriates $106.5 million to provide Emergency Supplemental Aid to certain school districts, including districts negatively impacted by effects of P.L.2018, c.67.

This bill appropriates $106.5 million from the Property Tax Relief Fund to provide Emergency Supplemental Aid to eligible New Jersey school districts. It targets districts that received less than $19,000 per resident student in 2024-2025 school aid, or those whose 2024-2025 aid was less than or only slightly higher ($200,000 max) than their 2023-2024 allocation. The aid amount for each qualifying district is calculated by multiplying $250 by its resident student count as of October 16, 2023. This funding directly aims to stabilize budgets for districts negatively impacted by P.L.2018, c.67 ("S2") school funding formulas.