Requires upcoming Educational Adequacy Report to include comprehensive review of certain components of school funding in consultation with certain stakeholders and experts.

This New Jersey bill (S 3442) requires the next Educational Adequacy Report to include a comprehensive review of school funding formulas after consulting with stakeholders and experts. It mandates that the Governor, working with the Commissioner of Education, engage school administrators, parents, students, and community members to identify underfunded resources, and commission school finance experts to review methodologies for calculating key funding amounts. These amounts include base per-pupil funding, special education costs, transportation aid, and preschool funding. The goal is to ensure the funding formulas adequately support students meeting state education standards.