Requires Commissioner of Education to permit certain school districts losing State school aid to submit budgets after enactment of FY2025 appropriations act.

This bill allows certain New Jersey school districts that will lose state aid to submit their budgets after the state's FY2025 budget is finalized. It specifically applies to districts where the state aid reduction exceeds their unused tax authority (known as "banked cap" under current law). The Commissioner of Education must permit these districts to submit budgets within five days after the FY2025 appropriations act is enacted, and may adjust the budget calendar to create a compressed timeline for approval. The change applies only to the 2024-2025 school year.