New Jersey Statutes
§ 54A:10-7 — Anticipation of revenues in municipal budget; reduction of property tax levy.
New Jersey·Title 54A NEW JERSEY GROSS INCOME TAX ACT
Upon notification by the director of the amount of revenue sharing funds due, the governing body of each municipality shall anticipate such revenues in its budget for the succeeding year and shall apply all such revenues to the reduction of the property tax levy. L.1976, c. 73, s. 7.
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New Jersey § 54A:10-7 (Anticipation of revenues in municipal budget; reduction of property tax levy.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Nearby Sections
11
§ 54A:10-1
Short title§ 54A:10-2
Legislative declaration.§ 54A:10-3
Definitions.§ 54A:10-5
Distribution of additional amount.§ 54A:10-9
Rules and regulations.