Establishes pilot program to study feasibility of regionalization of certain school districts; appropriates $150,000.

This bill creates a pilot program to study how New Jersey school districts could combine existing high schools with local elementary and middle schools to form unified K-12 regional districts. It authorizes the State Department of Education to select three pilot sites across the state and provides $150,000 in funding to support feasibility studies and planning grants for participating districts. If the pilot shows success, the bill outlines a process requiring voter approval in each municipality before implementation, along with state financial incentives to help cover initial costs. The program includes a five-year implementation phase and an independent evaluation component to assess impacts on student achievement, finances, and community satisfaction.