Time Runs Out to Use School Aid Windfall for Property Tax Relief

When Gov. Chris Christie last week detailed his final state aid figures for 2011-2012, they included an extra $150 million for suburban school districts -- money the districts were encouraged to use for property tax relief, according to NJ Spotlight.

The governor should have added, "And hurry."

In a follow-up memo late last week, the administration indicated that districts would need to move by today if they wanted to add the extra money to next year's tax levy. Doing so would require local boards to meet beforehand, with 48 hours notice.

Princeton Regional Schools are eligible to receive an additional $740,000 under Christie's plan, but the Board is Education is not scheduled to meet until Wedensday. 

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