This bill mandates that the Commissioner of Education allow certain school districts facing a reduction in State school aid or subject to a six percent growth limit in State aid to submit their budgets after the enactment of the appropriations act for the fiscal year ending June 30, 2026. Specifically, this provision applies to districts where the anticipated aid reduction or the aid eliminated due to the growth limit exceeds the district's unused tax authority, which is defined as the difference between the maximum allowable tax levy and the actual amount raised in the current budget year.

Additionally, the bill grants the Commissioner the authority to adjust the school budget calendar as necessary to accommodate these provisions, including implementing a compressed schedule for budget enactment. This legislation is designed to provide flexibility for school districts that are financially impacted by changes in State aid, ensuring they can effectively plan their budgets in response to these challenges. The bill is set to take effect immediately upon passage.