Ensures no school district receives State school aid reduction greater than five percent.

This bill prevents New Jersey school districts from facing state aid cuts exceeding 5% compared to the previous year. It requires districts to receive either the newly calculated state aid amount or the prior year's funding reduced by no more than 5%. County vocational school districts receive the greater of this new calculation or their existing aid formula, which includes a 2017-2018 baseline. The policy applies starting the 2024-2025 school year and aims to stabilize funding for all public school districts.