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2019 New Jersey Revised Statutes
Title 54A - New Jersey Gross Income Tax Act
Section 54A:10-7 - Anticipation of revenues in municipal budget; reduction of property tax levy.
Universal Citation: NJ Rev Stat § 54A:10-7 (2019)
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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