"Fairness for School Districts in Development Restricted Areas Act"; provides additional State school aid to certain school districts located in municipalities that are part of Highlands or Pinelands preservation areas.

Summary

The bill gives additional state money to school districts located entirely in municipalities where at least 25% of the land is in the Highlands or Pinelands preservation zones, provided the district lost state aid between 2017‑18 and 2024‑25 and enrolls more than 500 students. The aid is calculated at $250 per protected acre, with caps of $2.5 million for districts under 1,000 students and $5 million for larger districts. It aims to offset reduced property‑tax revenue caused by development restrictions.

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

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