Establishes certain mechanisms to address significant unanticipated cost increases experienced by school districts.

This bill allows New Jersey school districts to create and fund specific reserve accounts to handle unexpected financial burdens. It enables districts to move unspent money from the current year into reserve funds that can be used in future years for capital projects, maintenance, debt repayment, or emergency expenses. Additionally, the bill establishes a new cost stabilization reserve to cover significant increases in non-salary costs, such as healthcare and transportation, which can be funded at any time during the school year. These measures are designed to give school boards more flexibility to manage sudden cost spikes without immediately raising taxes or cutting essential services.