N.J. Stat. § 18A:7F-5d
Current through L. 2023, c. 280.
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).
N.J.S. § 18A:7F-5d