Requires Type I school districts and charter schools to establish citizen budget oversight committee to monitor district's or charter school's financial position.

S 3238 requires Type I school districts and charter schools in New Jersey to establish citizen budget oversight committees. These committees, composed of at least five members (including parents, educators, and taxpayers with at least two having financial expertise), must review monthly financial data, monitor budgets, and report to the governing board. Committees will have access to non-confidential financial documents, can recommend changes to tax levies or special initiatives, and must complete a two-hour training program on school budgeting. The bill aims to increase transparency in school financial management by involving community members in oversight.