News Flash Home
The original item was published from 5/4/2020 5:32:12 PM to 5/5/2021 12:00:06 AM.

News Flash


Posted on: May 4, 2020

[ARCHIVED] Upcoming Legislative Briefings on A-3971 for Coronavirus Relief Bonds

Mayors Keith Kazmark of Woodland Park, Colleen Mahr of Fanwood, and Matt Moench of Bridgewater invite you, your business administrators, and your chief financial officers to a panel discussion on prospective legislation (A-3971) that would permit counties and municipalities to issue Coronavirus Relief Bonds and Notes. This bill will be considered by the Assembly Commerce and Economic Development Committee on Thursday, May 7. 

As proposed, counties and municipalities would be permitted, at their discretion, to bond for short- and/or long-term finance both the lost revenues and the increased expenses resulting from the Coronavirus pandemic. Recovery from this crisis will take long-term planning and vision. The Coronavirus Relief Bonds and Notes will generate the revenue needed by local units while providing flexibility to create a repayment schedule that works for each local unit. 

Counties and municipalities cannot afford to wait and see whether local government relief is coming from the Federal or State government and need additional flexibility and tools now to manage their own unique financial situation. It is time for Mayors to lead the way to craft local solutions to local problems. The same presentation will be made at two separate times to accommodate your schedule. To register, see the links below.  After registering, you will receive a confirmation email containing information about joining the webinar.

•    May 6 – 12:00 noon - 1 p.m., Registration

•    May 7 –   5:00 p.m.- 6 p.m. Registration   

Likewise, the League will be hosting a webinar later this week to provide an overview of current legislation introduced in response to COVID-19 pandemic. We will follow with registration information in the next day or so.    

Facebook Twitter Email

Other News in Home

NJ Clean Energy Programs Survey

Posted on: September 15, 2023

Passing of BPU President Fiordaliso

Posted on: September 8, 2023

FY 2024 Vibrant Places Program by NJTPA

Posted on: August 31, 2023

State Launches Stop Overdoses Website

Posted on: August 11, 2023

FY2024 Budget & ETR Update

Posted on: June 30, 2023

ETR Funding Doubled in FY2024 Budget

Posted on: June 29, 2023

OPRA Reform Legislation Introduced

Posted on: June 23, 2023

SHBC Plan Design Committee Meeting Summary

Posted on: February 24, 2023

FY2023 Federal Omnibus Budget Passed

Posted on: January 9, 2023

SHBP Update: No Relief In New Year

Posted on: December 30, 2022

Federal Budget Update

Posted on: December 23, 2022

LEAP Grants Now Available

Posted on: December 23, 2022

Federal Budget Update

Posted on: December 19, 2022

State Health Benefits Update

Posted on: December 5, 2022

Revised Model Procurement Forms

Posted on: December 5, 2022