In the Matter of the Distribution of Liquid Assets Upon Dissolution of the Union County Regional High School…

Summary

The Supreme Court of New Jersey reversed the Appellate Division and remanded, holding that the statutory scheme for dissolving regional school districts permits deviation from the proportional liquid‑asset formula, that the State Board erred by refusing such a deviation, that the Board of Review lacked authority to set the liquid‑asset distribution, and that Egg Harbor does not require a deviation to be placed on the referendum ballot.