relative to the cost of an opportunity for an adequate education, extraordinary need grants, fiscal capacity disparity aid, and determination of education grants.

Summary

The legislation updates the calculation of the cost of providing an adequate education, setting new per‑student rates and requiring a 2 % yearly increase. It creates two new grant programs—extraordinary‑need and fiscal‑capacity disparity aid—based on a municipality’s equalized property valuation per pupil and the number of students eligible for free or reduced‑price meals. It also modifies the overall education‑grant formula and caps additional targeted aid for larger districts.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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