Prevents State school aid reduction in school districts that experienced decrease in equalized valuation and are located in certain counties.

This bill prevents reductions in New Jersey state school aid for specific districts affected by declining property values. It protects school districts in Atlantic, Cape May, Monmouth, and Ocean Counties (classified as fifth or sixth class) if their equalized property valuation for the current budget year is lower than it was in 2012-2013. The bill ensures these districts' total state aid remains at least as high as their 2017-2018 level, excluding certain aid types like preschool, special education, school choice, and debt service. The policy directly affects public school funding in coastal communities still recovering from Superstorm Sandy's property value impacts. The change takes effect immediately upon enactment.