While the 2% property tax levy cap will continue, the cap on interest arbitration awards has expired.
The temporary 2% cap on police and fire arbitration contract awards was an effective tool to control increasing salary costs and provide a solution to assist local governments in keeping property taxes down and costs under control.
We encourage you to pass a resolution urging the State Legislature and Governor to renew the 2% cap on Police and Fire Arbitration Contract Awards.
Joint Press Conference to Extend the 2% Interest Arbitration Cap
September 22, 2017 The League, the New Jersey Conference of Mayors (NJCM), and the New Jersey Association of Counties (NJAC) held a joint press conference urging the extension of the 2% interest arbitration cap (PDF). The press conference, which includes the Officers of the League, is part of our public campaign to educate the Legislature and the general public on the importance of extending this critical tool, which has proven to be an effective curb on property tax increases.
Reach out and encourage the State Legislature and Governor to renew the 2% cap on Police and Fire Arbitration Contract Awards.