[C]urrent state law would require that each school district treat its share of the $150 million aid increase as unanticipated revenue. That designation would apply because school budgets have been set and local property tax levies have been struck.
If such statute applies, it would restrict the spending of the additional aid during the current school year and would generally reserve the new funds for property tax relief in 2012-2013.
Labels: Abbott, school funding, SFRA