Gov. Phil Murphy signed a bill extending $44.7 million in grants to school districts and allowing them to seek property tax increases above the state’s 2% cap on such hikes, a bid to offset school aid cuts in the 2024-25 school year. According to the Press of Atlantic City, under the new law, 140 schools facing nearly $106 million in combined cuts can seek grants through the Department of Education to cover up to 45% of the school aid they’re losing.