School board members in a northern New Jersey town have voted to reduce their superintendent's salary by $43,000 after the state threatened to withhold $3.6 million in state aid.

The Parsippany-Troy Hills school board made the move late Thursday night after a lengthy closed session meeting.

Morris County Superintendent Kathleen Serafino had told the district that Lee Seitz's salary must be reduced to $177,500 to meet a state-mandated salary cap.

Seitz -- who Gov. Chris Christie has labeled a "poster boy" for greed -- had previously filed a complaint with state education officials, claiming Serafino exceeded her authority.

Seitz had signed his contract last November -- after the state cap was proposed, but many months before it was implemented