Makes various changes to school funding law.

This bill updates New Jersey's school funding law to improve how the state calculates and distributes financial aid to school districts. It establishes a clearer timeline for the state education commissioner to send preliminary aid estimates by mid-January and final maximum aid amounts shortly after the governor submits the state budget. The legislation also defines specific terms for calculating aid based on factors like pupil counts, special education needs, and geographic costs, ensuring districts receive payments based on projected data with adjustments made later if actual numbers differ. These changes directly affect local school districts and the state's Division of Taxation by standardizing the process for determining how much money each district receives from the state.