Authorizes school districts to maintain surplus at four percent for 2020-2021 and 2021-2022 school years
S2691 (Greenstein) 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 and 2021-2022 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 S2691.