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 specific New Jersey school districts facing state aid cuts to submit their budgets after the state's FY2025 budget is finalized. It applies only to districts where the proposed state aid reduction exceeds their unused tax authority ("banked cap") under current law. The Commissioner of Education must permit these districts to submit budgets within five days of the FY2025 appropriations act's enactment, with the option to adjust the budget calendar to a compressed timeline. The change is limited to the 2024-2025 school year only.