The European Court of Justice (ECJ) has ruled in favor of the European Commission, upholding a $14.4 billion tax bill against Apple. The decision reaffirms the EU’s commitment to combatting unfair tax practices by multinational corporations and ensures that Apple will have to pay back taxes to Ireland. This ruling is a major win for the EU’s antitrust chief and could have significant implications for global companies and their tax strategies within the EU.
New Jersey’s school funding formula has undergone a major revamp, with significant changes in state aid for different districts. While some districts will receive substantial funding increases, others will see reductions. The new formula considers factors such as district size, low-income and special education student populations, and enrollment trends. Wildwood City School District faces a significant funding decline, while Deal experiences a substantial increase. The formula’s complexity includes considerations for student demographics, local tax revenue, and enrollment shifts.
New Jersey’s new school funding formula, first enacted in 2008, is now fully in place, resulting in significant changes in state aid allocations for Warren County districts. The formula, which considers factors such as district size, low-income and special education student enrollment, has led to major increases in some districts while others have experienced substantial decreases. Knowlton Township School District saw the largest percentage loss in funding, with a 76% drop since 2007-08, attributed to a 41% enrollment decline. Conversely, Hackettstown School District witnessed a 285.5% funding increase, coinciding with an 8.6% enrollment growth.
