N.J.S.A. 18A:7F-37 — Definitions relative to property tax levy cap concerning school districts.

18A:7F-37 Definitions relative to property tax levy cap concerning school districts. 2. For the purposes of sections 2 through 4 and sections 6 and 7 of P.L.2007, c.62 (C.18A:7F-37 through C.18A:7F-39 and C.18A:7F-41 and C.18A:7F-42): "Adjusted tax levy" means the amount raised by property taxation for the purposes of the school district, excluding any debt service payment. "Commissioner" means the Commissioner of Education. "Prebudget year adjusted tax levy" means the amount raised by property taxation in the prebudget year for the purposes of the school district, excluding any debt service payment, less any amounts raised after approval of a separate question by the voters or board of school estimate for the prebudget year unless such approval explicitly allows the approved increases to be permanent. "School district" means any local or regional school district established pursuant to chapter 8 or chapter 13 of Title 18A of the New Jersey Statutes. "Weighted resident enrollment" means weighted resident enrollment as calculated pursuant to section 8 of P.L.2007, c.260 (C.18A:7F-50) and as projected by the commissioner. L.2007, c.62, s.2; amended 2007, c.260, s.36; 2025, c.234, s.5.

This is the verbatim text of N.J.S.A. 18A:7F-37, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.