40:54-8.1 Limitation on increase in amount raised by taxation.
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/nj/title-40/chapter-54/40-54-8-1·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
5. Any increase in the amount raised by taxation for the municipal library as required by R.S.40:54-8 shall not exceed the total amount expended by the municipality in the previous year plus 15% of the previous year's total expenditures for the maintenance of a free public library; except that the State Librarian is authorized to approve additional appropriations to any municipality that requests to appropriate an amount in excess of 15% of the previous year's total library expenditures.
L.1985,c.541,s.5; amended 2001, c.137, s.53.