Establishes "School Finance Reform Commission."

This bill creates a 13-member "School Finance Reform Commission" to study and recommend improvements to New Jersey's school funding system. The commission includes the Commissioner of Education and State Board President (ex officio), plus 11 public members appointed by legislative leaders and the Governor. It will specifically examine school district property tax levies and the calculation method for equalization aid, with a report due within one year. The commission's recommendations will inform potential changes to school budgeting and funding policies, directly affecting all public school districts in New Jersey. The bill expires 30 days after the report is issued.