This bill aims to exempt State school aid for the 2026-2027 school year from the existing State aid growth limit, ensuring that school districts receive their full uncapped State school aid as calculated in March 2026. The legislation defines State school aid as the total of equalization aid, transportation aid, special education categorical aid, and security categorical aid, and specifies that uncapped State school aid refers to these amounts before any growth limit is applied.

To support this initiative, the bill appropriates $332.6 million from the Property Tax Relief Fund to the Department of Education, enabling the provision of this additional aid to school districts. The act is set to take effect immediately upon passage.