Budget Info and Reminders
Tuesday, January 14, 2020
Today, January 13th Governor Murphy absolute vetoed S4289 legislation that would have allowed for tax levy cap adjustments.
State Aid Information: The Governor’s Address is scheduled for the last Tuesday in February (February 25th, 2020) and State Aid will be released 2 days later, February 27th, 2020. As of this time, we have not been notified of a change in this date.
The Election and Budget Calendar is posted on the School Finance Website: https://www.state.nj.us/education/finance/fp/dwb.shtml
Release of 2020-21 Tentative Tuition Rates and 2018-19 Independent Auditor Certified Tuition Rates for Approved Private Schools for Students with Disabilities https://www.state.nj.us/education/finance/fp/psdratestoc.shtml
Release of Securing Our Children's Future Bond Act Preliminary Guidelines Bond Act Preliminary Guidelines.pdf
NOTE: Preliminary Guidelines (based on proposed regulations) contain grant application deadlines with short timeframes.
· Alyssa’s Law Compliance and School Security: May 2020
· Water Infrastructure: May 2020
· Career and Technical Education Program Expansion: July 2020
NJ Electronic Filing Requirements and NJ 1095 – NJ Employers are required to file 1095 forms to the State of NJ for tax year 2019 (See Attached)
Employer Contribution Billing – April 2020 Employer Pension Liability Notice and Invoice is only available online, it will not be mailed. https://www.nj.gov/treasury/pensions/documents/epic-emails/12.18.19-employer-liability.pdf
Filing of 2020 Personal/Relative and Financial Disclosure Statements: Newly elected/appointed officials must submit within 30 days of appointment or hiring; and all others must submit by April 30th, 2020. https://www.nj.gov/education/ethics/fds/index.shtml
The Minimum wage for 2020 is $11 per hour effective January 1st, 2020. https://www.nj.gov/labor/forms_pdfs/wagehour/mw-571.pdf
A new law took effect on January 1st, 2020, that prohibits employers from requesting applicants’ salary, commission or benefits history in hiring and pay setting decisions.