NJ S2650

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

School districts' local share calculations will use a three-year average of equalized property values and district income, with prebudget year values capped at 5% above the prior year's figures to limit sudden spikes.

The Educational Adequacy Report will require explicit legislative approval through a concurrent resolution rather than being automatically deemed approved without objection.

School districts facing proposed State aid reductions may delay budget submission until five days after the appropriations act is enacted and revise budgets within the first six months of the budget year.

The Department of Education must create a New Jersey Education Funding Portal providing public access to State aid calculation data, formulas, and an interactive tool allowing users to estimate how changes in enrollment, property values, and income affect district funding.