Please take time today and call your legislators and ask them to SUPPORT Senate Bill S-330/Assembly Bill A-3804.
These bills restore the $331 million the distribution to municipalities from the Energy Tax Receipts Property Tax Relief Fund over two years that has been diverted for a decade.
Taxes on gas and electric utilities were originally collected by the host municipalities, and when the State made itself the collection agent for these taxes, it promised to return the proceeds to municipalities for property tax relief. For years funding has been withheld by state government to plug its budget, and the restoration of this funding to NJ municipalities is long overdue.