Requires explanatory statement on ballot question for school district capital projects to include certain information.

This bill requires New Jersey school districts to include specific financial details in the explanatory statement for voter-approved bond issues on school capital projects, such as building or renovating schools. The statement must list the total debt of the school district and its municipality, estimate the property tax increase for an average home, and, if applicable, provide the project's square footage per student and cost per square foot. It also mandates clear disclosure of any costs beyond standard building efficiency requirements, described as "additional to the facilities efficiency standards." The bill applies to all Type II school districts and aims to give voters more transparent information when deciding on school bond measures.