Requires upcoming Educational Adequacy Report to include comprehensive review of certain components of school funding in consultation with certain stakeholders and experts.

This bill (A2535) requires New Jersey's next Educational Adequacy Report (due September 1, 2025) to include two new consultation steps. It mandates the Governor and Commissioner of Education to: (1) engage diverse stakeholders (school staff, students, parents, community members) to identify unfunded school resources, and (2) commission school finance experts to recommend updates to funding methodology. These changes will directly affect how state school funding is calculated for all districts, including base per-pupil amounts, special education costs, preschool funding, and transportation aid. The bill does not change current funding formulas but requires the next report to incorporate stakeholder input and expert analysis before updates are finalized. The bill is pending before the Assembly Education Committee.