New Jersey § 18a:16-13

§ 18a:16-13.

a. Actual savings realized by a school district as a result of the implementation

of the provisions of P.L.2020, c. 44 ( C.52:14-17.46.13 et al.) shall be used solely and exclusively by the school district for the purpose

of reducing the amount that is required to be raised by the local property tax levy

by the school district for school district purposes, except when a school district

is spending below adequacy as calculated in accordance with section 1 of P.L.2018, c. 67 ( C.18A:7F-70 ). When a cap on the annual increase in the property tax levy for a school district is

imposed by law, the savings realized shall be deducted from the adjusted tax levy

for the previous budget year and that reduced amount shall serve as the basis for

calculating the adjusted tax levy for the next school year. b. To enable tracking of health care cost savings by school districts, each school

district shall submit an annual data sheet for both the current and prior year showing

the Total Annual Cost of Health Benefits for Active Employees, the Total Employee

Cost-Sharing Contribution, and the Net Cost to the School District for Health Benefits,

including the Number of Covered Employees, the Annual Cost Estimate Per Employee,

and the Total Cost for each coverage category- Single Coverage, Parent and Child,

Employee and Spouse, and Family. In addition, school districts shall provide separate breakouts of the same categories

of data for health care coverage under all health care benefits plans offered by the

employer. The datasheet shall also indicate whether the school district is enrolled in the

School Employees' Health Benefits Program for medical or medical and prescription

drug benefits coverage. Reports shall be due no later than 60 days following each enrollment period to the

Department of Education, the Division of Pensions and Benefits in the Department of

the Treasury, and the Legislature.