New Jersey A5208 establishes mechanisms for school districts to address significant unanticipated cost increases.

New Jersey A5208 allows boards of education to establish a cost stabilization reserve account to address significant unanticipated cost increases. Funds in this account can be used for general fund expenses, excluding staff salary costs, that cost significantly more than initially anticipated in the budget. Eligible expenses include unanticipated increases in total health care costs, student transportation expenses, special education and related services, and other eligible categories of general fund expenses.

New Jersey A5208 establishes mechanisms for school districts to address significant unanticipated cost increases.

New Jersey A5208 allows boards of education to establish a cost stabilization reserve account to address significant unanticipated cost increases. Funds in this account can be used for general fund expenses, excluding staff salary costs, that cost significantly more than initially anticipated in the budget. Eligible expenses include unanticipated increases in total health care costs, student transportation expenses, special education and related services, and other eligible categories of general fund expenses.