BA = (BA1 x IF) + BA2
where
BA1 = CP1 x P1+CD1 x P1 x D1;
BA2 = CP2 xP2 + CD2 x P2 x D2;
P1 is the total number of regular education public pupils and regular nonpublic pupils eligible for transportation pursuant to N.J.S. 18A:39-1, excluding preschool pupils except pupils that qualify for free full-day preschool pursuant to section 12 of this act, and of special education pupils eligible for transportation pursuant to N.J.S. 18A:46-23 with no special transportation requirements, who are resident in the district as of the last school day prior to October 16 of the prebudget year;
D1 is the average home-to-school mileage for P1 pupils;
P2 is the total number of special education pupils eligible for transportation pursuant to N.J.S. 18A:46-23 with special transportation requirements who are resident in the district as of the last school day prior to October 16 of the prebudget year;
D2 is the average home-to-school mileage for P2 pupils; and
CP1, CD1, CP2 and CD2 are cost coefficients with values set forth in subsection b. of this section.
IF is the incentive factor, which modifies base aid paid for pupils transported on regular vehicles according to each district's percentile rank in regular vehicle capacity utilization. Students within the district who receive courtesy busing services shall be included in the calculation of the district's regular vehicle capacity utilization if the courtesy busing services are provided to a student who would otherwise be required to walk to and from school along a route designated as a hazardous route by the school district pursuant to section 2 of P.L. 1999, c. 310(C.18A:39-1.5). For the 2008-2009 school year, IF = l. The Governor shall submit to the Legislature at least 60 days prior to the FY 2011 budget address proposed transportation incentive factors applicable to the 2010-2011 school year and thereafter along with supporting data. The incentive factors shall be deemed approved by the Legislature unless a concurrent resolution is passed within 60 days of the date of submission.
CP1 = $383.88;
CD1 = $10.50;
CP2 = $2,675.77; and
CD2 = $5.10.
The cost coefficients shall be adjusted by the CPI in the 2009-2010 and 2010-2011 school years as required pursuant to subsection b. of section 4 of this act. For subsequent school years, the cost coefficients shall be established in the Educational Adequacy Report with the amounts adjusted by the CPI for each of the two school years following the first school year to which the report is applicable.
N.J.S. § 18A:7F-57