N.J. court orders schools to use $475M of reserves

Reuters reports that New Jersey’s schools must spend $475 million of their reserves instead of getting that money from the state, an appeals court ordered on June 14, handing Republican Governor Chris Christie a victory. Christie froze $475 million in state school aid after being confronted with a $2.2 billion deficit in the current budget in February. The Perth Amboy Board of Education sued, arguing that Christie had violated the constitutional separation of powers because the legislature had directed that a school spend its surplus cash in later years…

Click here for the full story

…Read More