Establishes School Funding Commission to study school funding formula and prepare report that will serve as basis of new formula.

Assembly Bill A1280 establishes a 26-member School Funding Commission to study New Jersey’s current school funding system and produce a report that will guide the development of a new funding formula. The commission, appointed with representation from educators, school boards, parent groups, and finance experts, will examine the existing 2008 funding formula, its impact on at-risk students and schools, neighboring states’ approaches, and municipal tax capabilities. The report, due within one year of the commission’s first meeting, will be posted online and used to inform future state funding decisions affecting all public schools and districts across New Jersey. This is a procedural bill focused on research, not immediate policy changes.