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Budgeting

12 Stories
Posted on: October 1, 2021

Oct; 1: Federal Budget Update

The Federal fiscal year begins today, October 1. Yesterday, the Senate and House passed a Continuing Resolution to fund the government through December 3 with $27 billion in new funding for disaster relief and refugee resettlement. President Joe Biden sig...

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Budgeting
Posted on: September 24, 2021

Sept. 24 Federal Budget Update

SALT Deduction Cap & Budget Reconciliation Process Proceeding   Negotiations continue between the House and Senate on the topline price and included policies in the budget reconciliation package, including the status of the ...

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Budgeting
Posted on: September 24, 2021

2022 Fire District Budget & Election Guidance

On September 20, the Division of Local Government Services issued Local Finance Notice 2021-16, which addresses the Calendar Year 2022 fire district budget process. All fire districts must submit their applications through the Financial Automation Submiss...

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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 In...

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Budgeting
Posted on: August 5, 2021

CY 2021/SFY 2022 State Aid Payment Schedule

The Division of Local Government Services has issued Local Finance Notice 2021-12 summarizing the state aid payment and payment schedule dates. While the adopted SFY 2020 state budget has maintained formula aid program appropriations, the Open Space PILOT...

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Budgeting
Posted on: June 30, 2021

State FY 22 Budget Signed

Today, Governor Phil Murphy, along with legislative leaders and cabinet members gathered in Woodbridge for the signing of the 2022 Fiscal Year State Budget, which appropriates $46.3 billion in state funds and $6 billion in federal funds. This year’s budge...

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Budgeting
Posted on: June 28, 2021

2022 Budget on Gov. Murphy's Desk

On Thursday both the Assembly and Senate passed A-5870/S-2022, which appropriates $46.3 billion in state funds and $6 billion in federal funds for New Jersey’s FY22 state budget. The budget will now be sent to Governor Murphy desk for his signature. The G...

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Budgeting
Posted on: June 24, 2021

State FY 22 Budget Introduced

On Tuesday June 22, the Assembly and Senate Budget Committees released A-5870/S-2022, which appropriates $46.3 billion in state funds and $21 billion in federal funds for New Jersey’s FY22 state budget. The Governor’s original proposed budget allocated $4...

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Budgeting
Posted on: April 30, 2021

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 ...

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Budgeting
Posted on: February 24, 2021

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...

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Budgeting
Posted on: December 14, 2020

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...

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Budgeting
Posted on: September 24, 2021

2022 Fire District Budget & Election Guidance

The DLGS issued LFN 2021-16, addressing the Calendar Year 2022 fire district budget process. All fire districts must submit their applications through FAST. Only designated fire district officials may obtain FAST login credentials.

On September 20, the Division of Local Government Services issued Local Finance Notice 2021-16, which addresses the Calendar Year 2022 fire district budget process. All fire districts must submit their applications through the Financial Automation Submiss...

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Notices