NJ S4885

Requires the Commissioner of Education to provide school districts with preliminary State aid notices by the first week of December each year, starting with the 2026-2027 school year, detailing the minimum State aid payable for the succeeding year

Changes local share calculations to use a three-year average of equalized property valuations and district income, with increases capped at 5% over the prior year's values to limit sudden spikes in assessed local wealth

Creates the New Jersey Education Funding Portal on the Department of Education website, allowing the public to view State aid data, calculations, and formulas, and to model how changes in enrollment, property values, or income would affect a district's funding

Allows school districts facing State aid reductions to delay submitting their budget until five days after the state budget is enacted and to revise their budget within the first six months of the school year

Requires the Legislature to adopt a concurrent resolution to approve the Educational Adequacy Report rather than having it automatically deemed approved without legislative action