Expresses intent of Legislature that "School Funding Reform Act of 2008" be revised to stabilize State aid reductions.

ACR 126 is a concurrent resolution expressing the New Jersey Legislature's intent to revise the School Funding Reform Act of 2008 (SFRA) to prevent abrupt state aid cuts for school districts. It specifically targets districts in the Highlands Region (protected by the Highlands Water Protection Act) and other areas with development restrictions, which limit their ability to raise local taxes to offset aid losses. The resolution highlights that eliminating "adjustment aid" in 2018 under S2 caused significant funding shortfalls, and the current formula disadvantages these districts due to restricted housing and business growth. This resolution does not change the law but formally urges the state to revise the SFRA to stabilize funding.