Requires nonpublic secondary schools, independent institutions of higher education, and State to make payment to school districts for educational costs of students residing in tax-exempt housing upon adoption of resolution by municipal governing body.

This bill requires nonpublic secondary schools, independent colleges, and the State of New Jersey to pay public school districts for the education costs of students living on their tax-exempt property. The payment obligation begins only after a local school district's governing body passes a resolution requesting it. Once activated, the bill mandates that these institutions calculate and send an annual payment by November 1, based on the per-pupil tax levy amount for each student residing in their facilities. This change aims to ensure that public school districts receive funding for students who live on private or state-owned land that is exempt from local property taxes.