Authorizes school district that moves its annual school election to November to submit separate proposals for additional spending for budget year and subsequent budget year.

This bill allows New Jersey school districts that have moved their annual school election to November to submit separate proposals for additional funding for either the current budget year, the following year, or both. Currently, districts that move elections to November must implement funding increases during the school year when the election occurs, creating budgeting challenges. The bill provides these districts with greater flexibility by enabling them to delay implementing tax levy increases for approved proposals until the subsequent school year. It specifically prevents districts from using "banked" tax levy amounts for the subsequent year if they approve a separate proposal for that year. This change helps districts better plan for initiatives like expanding educational programs, as they can time funding implementation to align with their budget cycles.