Establishes School Funding Formula Evaluation Task Force.

S 1986 establishes a 7-member School Funding Formula Evaluation Task Force to study New Jersey's current school funding system under the 2008 School Funding Reform Act. The task force, including the Commissioner of Education and six public members with education/finance expertise, will evaluate specific aspects like how school district budgets and local shares are calculated, weighting for at-risk students, special education funding methods, and geographic cost adjustments. It must hold public meetings across the state and issue a final report with recommendations to the Governor and Legislature within one year. This bill creates a procedural mechanism for reviewing the existing funding formula, directly affecting how state school aid is distributed to districts.