The $154.8 million reduction in Adjustment Aid is consistent with S2's call for a 23% reduction in 2020-21's Adjustment Aid. $55 million of that reduction comes from Jersey City alone and is due to historically-high state aid levels, and lifted by the immense growth (+18% for 2020 alone) of Jersey City's tax base.
I've compiled the increases and decreases in dollars per student in this 2020-21 Database.
The biggest gainers are: The districts losing the most in dollars per student are:

As a point of reference, the 2019-20 Deficits and Surpluses are available here.
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