Amends the Education Equity and Property Tax Relief Act to set the regionalization bonus at 2% of the state's share of foundation education aid for the fiscal year starting July 1, 2025, and for each year thereafter.
Amends the term "extraordinary costs" for the purposes of excess costs associated with special education students. The new definition of extraordinary costs would be educational costs that are over 3 times the average statewide special education cost.
Amend the calculation of state funding provided to local education agencies for special education services.
Amends State funding calculations for special education, revising extraordinary cost calculations for FY 2027-2028, and providing additional funds for excess costs when special education students move into a district after the budget is approved.
Establishes a new categorical funding category for civics education.
Establishes a new categorical funding category for civics education.
Removes funding requirement from department of elementary and secondary education.
Establishes a categorical program of education funding, for students who matriculate in the municipality pursuant to an affordable housing plan.
Removes language that requires the department of elementary and secondary education to prorate funds to school districts in certain situations and eliminate funding for certain programs.
Increases the state’s regionalization bonus to six percent (6%) of the state’s fiscal year share of foundation education aid. This bonus would be ongoing and continuing so long as the district remains a regional school district.