Sentence examples for formula of financing from inspiring English sources

TRENTON — After a tense three-hour stalemate, legislators handed Gov. Jon S. Corzine a dramatic political victory on Monday night when they approved his $7.8 billion plan to revamp New Jersey's formula of financing the state's public schools.

Years ago when federal government changed its formula for financing of transportation, members of Congress from New England, New York and New Jersey formed a coalition to make sure money was not redirected out of the Northeast.

Unless the state ends the woeful neglect of the system and develops a better formula for financing and setting tuition, the jewels will change to paste.

But not a new formula for financing the provinces.

Several Republicans, including Leonard Lance, the Senate minority leader who is also a member of the task force, want the constitution's section on taxation and finance -- which would include the formula for financing the poor school districts -- open for discussion.

Lawmakers are considering changes to the property tax formula for financing education.

Six weeks ago, Mayor Rudolph W. Giuliani said he was close to announcing the city's formula to finance its share of the cost of stadiums for the Yankees and Mets.

This type of financing formula is unusual for the county, according to Alan D. Scheinkman, the county attorney.

The new formula doubles the amount of financing for high-risk areas while ensuring that there are no weak links in our homeland defenses.

This is a periodic event driven by the cleverness of school administrators and others who, over time, figure out how to make the most of financing formulas.

His plan, a bid to reform a notoriously cumbersome set of financing formulas, addresses one issue raised in the court case, but is likely to meet with resistance as the Legislature considers his budget in the coming months.