Modifies calculation of preschool education aid for certain school districts.

This bill modifies how New Jersey school districts calculate the tax levy limits for preschool education aid, specifically targeting districts that operate pilot programs or are newly receiving such funding. It establishes a formula that allows districts to raise taxes to cover local shares of preschool costs by accounting for increases in student enrollment, healthcare expenses, and pension contributions beyond set thresholds. The legislation also includes specific rules for districts with low tax levies and those participating in pilot programs starting in the 2027-2028 school year. Ultimately, the act updates existing state laws to provide clearer guidelines on how much local funding districts can generate to support preschool education.