News Flash

New Jersey SFY 2022 Budget Update

Over the past month, State Fiscal Year (FY) 2022 budget hearings have continued to be held by the Legislature. The Governor’s proposed FY 2022 budget includes a full payment to the pension system, a flat increase from the FY 2021 budget to the State, and ...

FY 2021 State Budget-Municipal Interest

On Tuesday, February 23, Governor Murphy delivered the annual budget address. The Governor’s proposed $44.8 billion budget will guide the State’s spending through the next (FY 2022) fiscal year. While the full details of the Governor&a...

Local Finance Board Oks DLGS 2021 Budget Calendar Year Extension

On Wednesday, the Local Finance Board approved the proposed Division of Local Government Services 2021 Calendar Year (CY) Budget extensions. The revised CY 2019 Budget deadlines follow:

Mayor/Council Faulkner Act (Executive) budget transmission to the gove...

Property Tax Relief Bill Hearing on Monday

On Monday, the Assembly State and Local Government Committee will hear A-2991. This legislation will clarify the telecommunications industry's corporate tax responsibilities, and shield local taxpayers from the costs of endless tax court litigation.&n...

MIllioniares' Tax to Bolster State Budget

An agreement has been reached by Governor Phil Murphy and Legislative leaders on an income tax rate hike (from 8.97% to 10.75%) on earnings in excess of $1 million. The higher rate currently applies to income over $5 million. Announcing the agreement, Gov...

League Position on Governor's Budget Proposed Presented to Legislature

The League of Municipalities’ position on the Governor’s proposed FY 21 budget has been presented by League President Jim Perry and League Executive Director Mike Cerra to the members of both the Senate Budget and Appropriation Committ...

State Budget Deliberations Begin

Yesterday, both the Senate Budget and Appropriations Committee and the Assembly Budget Committee began their review of Governor Murphy’s proposed State Budget for FY ’21. That budget needs to be enacted by the end of this month, and it...

Proposed Budget Holds ETR/CMPTRA Level

Today, in Piscataway, Governor Murphy presented his revised budget proposal for State Fiscal Year 2021 (SFY ’21) to the Legislature and people of New Jersey. If adopted by the Legislature, as is, the budget would hold combined appropriations for...

DLGS Issues LFN on Enery Tax Receipt & CMPTRA Payment Program

The Division of Local Government Services issued Local Finance Notice 2020-17 summarizing the Energy Tax Receipt and CMPTRA payment program for CY 2020 and SFY 2020 extension budgets. The Energy Tax Receipt and CMPTRA August 1 installment payment was 45% ...

Interim State Budget Enacted

On Monday, the Legislature passed and the Governor signed the Supplemental Appropriations bill that will permit state spending to bridge the gap between the usual end of the Fiscal Year, on June 30, and this year’s final day, September 30.

This b...

Bridge Budget Bill Introduced

Because of the extension of the State’s current Fiscal Year for an additional three months, the Legislature must pass and the Governor sign a Supplemental Appropriations bill by midnight, June 30. On Thursday, June 24, Assemblywoman Eliana Pinto...

Share the Message: MunisAreEssential

The League has launched the MunisAreEssential campaign in response to budget shortfalls local governments are experiencing due to the COVID-19 pandemic, and is encouraging local officials to contact their state and federal legislators to support ...

Are You Ready for Police & Fire Contract Negotiations?

Could different contract provisions increase efficiency in your fire services? Is there a way to provide more effective policing, while lowering costs? And how much do your neighbors pay for police and fire protection? The answers to these questions can h...

Legislature Focuses on State Three-Month Budget Plan

Yesterday in Trenton, the Assembly Budget Committee heard testimony from the nonpartisan Office of Legislative Services’ Budget and Finance Officer, Frank Haines, and State Treasurer, Elizabeth Maher Muoio, regarding Governor Murphy’s ...

DLGS Extends Deadlines

The Division of Local Government Services has issued Local Finance Notice 2020-13 outlining extensions to various fiscal, property tax and licensed officials deadlines that the Director extended by issuing a deadline extension order.

Included among the ex...

Gov. Signs Legislation Setting 2020 Tax Appeal Date

Yesterday Governor Murphy signed into law A-4157, which extends the statutory deadline to file a property tax appeal from May 1, 2020 to July 1, 2020 and provides the County Board of Taxation until September 30, 2020 to render a decision on a tax...

State Budget Update

Today State Treasurer Liz Muoio issued a report on the fiscal condition of the state budget. The report indicates that the State can expect an up-to $10 billion shortfall between now and June 2021. The data reflects a shortfall of $2.75 billion through th...

Your Action Needed on COVID-19 Bonding

On Thursday the Assembly passed by a vote of 57-20 A-3971 which authorizes the issuance of “coronavirus relief bonds” by municipalities and counties. Specifically, A-3971 permits municipalities to issue bonds for the loss of revenue an...