Ensures no school district receives State school aid reduction greater than five percent.

This bill prevents New Jersey school districts from facing state school aid cuts exceeding 5% in the 2024-2025 school year and beyond. It creates "stabilized reduction aid" to guarantee districts receive the greater of either their prior year's funding (reduced by no more than 5%) or the amount calculated under existing law. County vocational school districts receive similar protection, getting the higher of two calculated aid amounts. The policy directly affects all public school districts and covers key aid types like equalization, special education, and transportation funding.