This bill mandates that any reductions in State school aid for a school district in a given budget year will not affect the district's funding for that year. Instead, the district will receive an amount equal to the aid it received in the previous budget year. The reduction that would have been applied in the current year will instead be deducted from the district's State school aid allocation in the subsequent budget year.

The intent of this legislation is to protect school districts from immediate financial impacts due to State aid reductions, allowing them to maintain their funding levels for one year while deferring the impact of the reduction to the following year. This approach aims to provide stability and predictability in school funding amidst potential fluctuations in State aid.