Establishes "School Finance Reform Commission."

This bill establishes a 13-member "School Finance Reform Commission" to study New Jersey's school funding system. The commission includes the Education Commissioner and State Board of Education President (ex officio), plus 11 public members appointed by legislative leaders and the Governor. It will examine school district property tax levies and how local funding calculations affect equalization aid distribution, with a focus on two specific 2007 laws. The commission must submit a report with findings and recommendations within one year of organizing, and the bill expires 30 days after that final report is issued. The commission itself does not make policy changes but will provide study results to guide future decisions.