Requires Division of Local Government Services to approve local unit budgets with excess anticipated miscellaneous revenue due to COVID-19 and authorizes school districts to maintain surplus at four percent for 2020-2021 school year
A 4310 (Benson) NJEA realizes that school districts are facing a financial crisis due to the COVID-19 pandemic. This legislation would allow school districts to maintain a surplus of four percent for 2020-2021 school year, increased from two percent. During these uncertain times, this bill would provide school districts with financial flexibility and eliminate unnecessary approvals when transferring surplus funds.
NJEA urges you to SUPPORT A 4310.