N.J.S.A. § 54A:10-7.
Anticipation of revenues in municipal budget; reduction of property tax levy
Upon notification by the director of the amount of revenue sharing funds due, the governing body of each municipality shall anticipate such revenues in its budget for the succeeding year and shall apply all such revenues to the reduction of the property tax levy.
L.1976, c. 73, s. 7.
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In this chapter (12 sections)
- 54A:10-1. · Short title
- 54A:10-2. · Legislative declaration
- 54A:10-3. · Definitions
- 54A:10-4. · Revenue sharing fund; creation; distributions to…
- 54A:10-5. · Distribution of additional amount
- 54A:10-6. · Annual computation of funds due each municipality; credit…
- 54A:10-7. · Anticipation of revenues in municipal budget; reduction of…
- 54A:10-8. · Annual certification of funds due each municipality;…
- 54A:10-9. · Rules and regulations
- 54A:10-10. · Inapplicability of act to program of aid or assistance in…
- 54A:10-11. · Veterans deductions; certification of number and amounts…
- 54A:10-12. · Additional amount of revenue sharing funds due each…