The School Funding Reform Act (SFRA), New Jersey's school finance law, requires the Governor, in consultation with the Commissioner of Education, to review certain components of the school funding formula every three years. The New Jersey Department of Education (NJDOE) issued four Educational Adequacy Reports (EAR) between 2013 and 2022, but none provided the in-depth analysis that is required to ensure the formula is delivering adequate resources to all students. These reports updated the underlying costs of the formula while failing to consider whether the inputs themselves are adequate for delivering the state's evolving learning standards. These surface-level reviews have left the SFRA out of step with current thinking on the resources needed to meet the state's academic and social-emotional standards. To ensure New Jersey students are receiving a constitutional "thorough and efficient" education, it is time for the NJDOE to conduct a much more thorough analysis. The FY2026 EAR, due to the Legislature in early 2025, provides the long overdue opportunity to do a thorough analysis of the formula and its components to ensure it is calibrated to the resources needed to provide all students with an adequate education aligned with New Jersey's current standards and curriculum.