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  • stabilization aid

stabilization aid

Bill Would Provide More than $102M in Aid to Up to 161 Districts

March 21, 2023

On March 17, Gov. Phil Murphy announced a bill in partnership with the Legislature to offer more than $102 million in additional funding to school districts that would see a reduction in school aid under the governor’s proposed fiscal year 2024 budget as a result of S-2.

Legislative Committee Meeting Features Two Legislators, Includes Discussion of Proposed Budget

March 07, 2023

The NJSBA's Legislative Committee met virtually Saturday, March 4, to learn about important developments in the Legislature and also heard from two special guests: Sen. Andrew Zwicker and Assemblywoman Sadaf F. Jaffer.

NJDOE Awards Nearly $30M in Stabilization Aid to 42 School Districts

December 28, 2022

The New Jersey Department of Education announced in a Dec. 23 news release that it has approved $29.65 million in funding to help 42 school districts that are experiencing a reduction in state aid or are otherwise facing a budgetary imbalance.

School Districts Must Apply for Stabilization Aid by Sept. 16

August 17, 2022

A district that experienced a reduction in state aid or a district confronting a structural budgetary imbalance in fiscal year 2023 must apply for stabilization aid by Sept. 16, according to an advisory from the New Jersey Department of Education.

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