N.J.S.A. 54A:10-7

Anticipation of revenues in municipal budget; reduction of property tax levy.

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.

External source: View on Justia →

This is the verbatim text of N.J.S.A. 54A:10-7, 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.

N.J.S.A. 54A:10-7 — Anticipation of revenues in municipal budget; reduction of property tax levy. | Kyzer