Establishes "School Finance Reform Commission."

S 4959 establishes a 13-member "School Finance Reform Commission" to study New Jersey's school funding system. The commission includes the Education Commissioner and State Board President (ex officio), plus 11 public members appointed by legislative leaders and the Governor. It will specifically examine school property tax levies, tax levy growth limits, and how local share calculations affect equalization aid distribution. The commission must submit a report with recommendations within one year of forming, and the bill expires 30 days after that report is issued. This is a procedural bill creating a study body, not enacting direct funding changes.