C3 Since there has been legislation introduced to amend S-1701 and eliminate the reduction of surplus to 2% can districts submit 05-06 budgets at 3% surplus?
No. The department does not have any discretion in this area. All districts must submit 05-06 budgets to the department at the applicable maximum surplus level under the current law as amended by the passage of S-1701. If any new legislation is, in fact passed and signed by the Governor prior to and affecting submission of 2005-06 district budgets, the department will immediately notify all districts of this change and enable submission at the revised amount. Line-Item Transfers (revision to N.J.S.A.
Related Questions
- C3 Since there has been legislation introduced to amend S-1701 and eliminate the reduction of surplus to 2% can districts submit 05-06 budgets at 3% surplus?
- Has legislation been introduced to amend the Illinois Pension Code to protect retirement benefits under SURS?
- Why has legislation been introduced to provide for another regulatory body?
