18A:7F-48 - Calculation of equalization aid - New Jersey Statutes

18A:7F-48  Calculation of equalization aid.

6.Beginning in the 2009-2010 school year and for each school year thereafter, the amount of equalization aid for the budget year shall equal the total Statewide equalization aid calculated pursuant to section 11 of this act for the prebudget year and prior to the application of section 5 of this act indexed by the sum of 1.0, the CPI, and the State average enrollment growth percentage between the prebudget year and the budget year as projected by the commissioner. 

L.2007, c.260, s.6.