New Jersey Statutes
§ 18A:7F-5d — Required local share.
New Jersey·Title 18A EDUCATION
2.Notwithstanding the provisions of subsection b. of section 5 of P.L.1996, c.138 (C.18A:7F-5) or any other law to the contrary, in the 2019-2020 through 2024-2025 school years, a school district's required local share shall equal 102% of the budgeted local share for the prebudget year in any school year in which the school district experiences a reduction in State school aid pursuant to the provisions of P.L.2018, c.67 (C.18A:7F-67 et al.) and is spending below adequacy, as calculated pursuant to section 1 of P.L.2018, c.67 (C.18A:7F-70). L.2018, c.67, s.2.
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Nearby Sections
15
§ 18A:7F-34
Rules, regulations.§ 18A:7F-38
School district budget increase limited.§ 18A:7F-39 Proposal submission required to increase adjusted tax levy, certain circumstances.
§ 18A:7F-39 Proposal submission required to increase adjusted tax levy, certain circumstances.§ 18A:7F-4.5
Committee, established, standards, review.§ 18A:7F-4.6
Public hearings, comment.§ 18A:7F-4.7
Effective date; adopted standards, concurrent.