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Time runs out to use school aid windfall for property tax relief
When Gov. Chris Christie last week detailed his final state aid figures for 2011-2012, they included an extra $150 million for suburban school districts — money the districts were encouraged to use for property tax relief.
The governor should have added, “And hurry.”
In a follow-up memo late last week, the administration indicated that districts would need to move by tomorrow if they wanted to add the extra money to next year’s tax levy. Doing so would require local boards to meet beforehand, with 48 hours notice. (Mooney, NJ Spotlight)