Requires explanatory statement on ballot question for school district capital projects to include certain information.

This bill requires school districts in New Jersey to include specific financial details in the explanatory statement accompanying ballot questions for capital projects funded by bond issuance. The statement must list the school district's and municipality's total outstanding bond debt, provide an estimate of increased property taxes for an average home (based on repayment years, current interest rates, and the district's credit rating), and include project metrics like square footage per student and cost per square foot if applicable. It also mandates that any additional costs beyond standard facility efficiency requirements be clearly labeled as "school facility construction elements in addition to the facilities efficiency standards." These changes aim to give voters clearer information about the financial impact of school bond proposals before voting.