July 6, 2022

 
I.  Reissue of CY 2022/SFY 2023 State Aid Certification
II. Registration Opens for Governor’s Conference of Housing and Economic Development
 
Municipal Clerks: Please forward to your Mayor, Governing Body, and Department Heads.
 
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I. Reissue of CY 2022/SFY 2023 State Aid Certification

 
The Division of Local Government Services has issued Local Finance Notice 2021-13, regarding the reissue of the state aid payment, including Municipal Relief Funds, and payment schedule dates. As part of the state’s budget package, in addition to Energy Tax Receipts and Consolidated Municipal Property Tax Relief (CMPTRA), $75 million in Municipal Relief Funds was included as the first step towards full Energy Tax Receipts restoration. According to the Local Finance Notice if the municipality has already adopted their CY 2022 budget they must establish a reserve for the revenue received and not anticipated in the CY 2022 budget. The revenue should be anticipated in the CY 2023 budget. If a municipality has not yet adopted their CY 2022 budget the funds must be considered anticipated revenue by amendment before adoption of the CY 2022 budget. 
 
The State’s adopted FY 2023 budget keeps funding for Energy Tax Receipts, CMPTRA, and Watershed Moratorium Offset flat. The appropriation for the Garden State Trust Aid was reduced to the FY 2021 level of $6.483 million. The FY 2022 increase of 54.1% was not included in the FY 2023 state budget. 
 
The aid breakdown and amounts for each municipality will be available on the Division’s website under Information Resources/Municipal State Aid heading by end of business today.  
 
We suggest you review this Local Finance Notice with your Chief Financial Officer.
 
Contact: Lori Buckelew, Deputy Executive Director & Director of Government Affairs, lbuckelew@njlm.org, 609-695-3481, x112.

II. Registration Opens for Governor’s Conference of Housing and Economic Development

 
Registration for the in-person 2022 Governor’s Conference on Housing and Economic Development is open. This year’s tracks include sessions on property management, community economic solutions, equitable affordable housing, and historic rehabilitation. Be part of the game-changing exchange of new ideas and solutions for housing and economic development as we continue to chart a strong future for New Jersey. Attendee early bird registration is available at a cost of $225 until Friday, July 22, 2022. Please visit the Governor’s Conference of Housing and Economic Development website for the full agenda of sessions and to register for the conference.
 
Please note, that proof of full vaccination or negative COVID test will be required from all conference registrants during the conference hours. More information to come.

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