A5208

Establishes mechanisms for school districts to address significant unanticipated cost increases.

The bill allows school districts to establish a cost stabilization reserve account to finance general fund expenses that significantly exceed initial budget estimates. It permits boards of education to apply for mid-year budget adjustments for significant unanticipated cost increases, including health care costs and tuition payments for students with disabilities. The Commissioner of Education must review applications and determine the scope of adjustments, ensuring they do not hinder the provision of a thorough and efficient education.