Ensures no school district receives State school aid reduction greater than five percent.

This bill prevents New Jersey school districts from facing state funding cuts exceeding 5% in any school year. It requires districts to receive the greater of their prior year's state aid amount (reduced by no more than 5%) or the amount calculated under existing law. The policy applies to all public school districts for the 2024-2025 school year and future years, covering all state aid categories like equalization and special education funding. County vocational school districts receive a special provision ensuring they get the higher of this bill's calculation or their existing vocational stabilization aid amount.