News & Press: Key Alert

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.

BUDGET INFORMATION

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

REMINDERS

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.


NJASBO
4 AAA Drive Suite 101,
Robbinsville New Jersey 08691
P: (609) 689-3870 F: (609) 689-3167