Establishes Stabilization Aid for certain school districts experiencing reductions in State school aid or other budgetary imbalances; establishes Education Rescue Grants for certain school districts experiencing reductions in teaching staff.

This bill creates two new state funding programs for New Jersey school districts facing financial or staffing challenges. Stabilization Aid helps districts with reduced state aid or budget imbalances, requiring them to submit a plan for future funding sustainability. Education Rescue Grants specifically support districts that lost teaching staff, covering salaries (not benefits) to rehire or train teachers. Both programs require applications to the Commissioner of Education and apply to districts meeting the specified criteria under existing school funding laws.