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Budgeting

Posted on: October 1, 2021

2021 Municipal Best Practices Inventory Issued

Today the Division of Local Government Services issued the 2021 Municipal Best Practices Inventory. Local Finance Notice 2021-17 provides guidance on this year’s process. All municipalities, including State Fiscal Year, must submit their Best Practices Inventory by Wednesday, November 3, 2021.
 
 The inventory consists of 48 questions in three categories as follows: 19 questions in Core Competencies, 8 questions in Best Practices, and 21 Unscored Survey questions. The inventory’s scoring threshold is based on the number of Core Competencies questions. Each municipality must receive a minimum score of 15 to receive their full Final Aid payment. Final Aid payment will be reduced by 25% if the score is between 11-14; by 50% if the score is between 7-10; and a score between 0-6 will lose 100% of final aid payment.
 
 A municipality may appeal its score to the Division of Local Government Services Director by November 3, but not before submitting its inventory.
 
Contact: Lori Buckelew, Assistant Executive Director, lbuckelew@njlm.org, 609-695-3481, x112.

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