Provides adjustment to school district tax levy cap for expenditures associated with opening of new school facility during budget year.

Summary

The bill lets New Jersey school districts increase their property tax levy beyond the usual 2% limit to cover expenses incurred when a new school building opens. It covers costs such as new teachers, support staff, equipment, and maintenance. This change aims to give districts flexibility to fund the first‑year needs of a new school without breaching the cap.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share