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 state school aid for specific school districts in Atlantic, Cape May, Monmouth, and Ocean counties (all fifth or sixth class counties) if their property tax base (equalized valuation) has decreased compared to the 2012-2013 school year. It guarantees that a district’s total state aid for the current year cannot be lower than what it received in the 2017-2018 school year under these conditions. The bill excludes preschool aid, special education costs aid, school choice aid, and debt service aid from the "total state aid" calculation. It directly supports school districts still recovering from Superstorm Sandy’s property value impacts, ensuring their funding remains stable despite lower local tax revenues.