New Jersey § 52:27bb-24

§ 52:27bb-24.

The director may inquire into any item of budget or certification of requirements

and may order any item required by law to be raised by taxation for municipal, county

or school purposes which has been omitted in whole or in part from any budget to be

included in the budget or the tax ordinance or resolution or tax levy, or he may inquire

into any item of the budget and if wrongly stated in such budget, may order said item

to be corrected and properly stated in the budget before its adoption, or to have

the error corrected and adjusted in the tax ordinance or resolution or in the tax

levy. All such orders shall constitute a mandatory obligation upon the governing body

of any municipality, county or school district or the sinking fund commission or the

county board of taxation, as the case may be. Where any county or other municipality has agreed or shall agree with the holders

of fifty per centum (50%) in amount of any evidence of indebtedness of any such county

or other municipality to accept a reduced rate of interest thereon, or postpone any

amortization requirement concerning any such evidence of indebtedness, the county

board of taxation may reduce to such extent the item or items so certified by the

director. Upon application to such county board of taxation by any county or other municipality

for such reduction or reductions, such county board shall within thirty days fix a

date for the hearing of such application, of which hearing public notice shall be

given by the county board of taxation, and at the time and place so fixed any party

in interest may be heard. Upon being satisfied of the sufficiency of such application the county board of

taxation may correct and reduce the item or items within the limits fixed by this

section.