Establishes Stabilization Aid for certain school districts experiencing reductions in State school aid or other budgetary imbalances; establishes Education Rescue Grants for certain school districts experiencing reductions in teaching staff.

This bill creates two new types of state funding for New Jersey school districts: "Stabilization Aid" for districts facing reduced state aid or budget shortfalls, and "Education Rescue Grants" for districts that lost teaching staff. To qualify, districts must apply to the Commissioner of Education, with Stabilization Aid requiring a future funding plan and Rescue Grants covering only teacher salaries (not benefits) for rehiring or retraining. The aid supplements existing school funding under the 2008 School Funding Reform Act but does not change the overall funding formula. It directly affects school districts experiencing specific financial or staffing challenges, providing temporary relief until broader funding reforms are implemented.