News Flash

Emergency Management & Public Health

Posted on: May 18, 2020

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 and/or unanticipated expenses directly attributable to the COVID-19 pandemic with appropriate safeguards and Local Finance Board oversight. The Senate companion, S-2475 awaits consideration by a Senate committee.

As we have previously noted, the League strongly supports the swift passage and signing of the bill. Unlike previous emergencies, COVID-19 is a major revenue loss event, in addition to being an expense related event.  A one size fits all solution is not the best approach toward addressing revenue shortfalls and increased expenses. Municipal budgets continue to be lean and the current options available to municipalities may work for some municipalities but for most the pandemic will create long term financial problems. Without this legislation, to address the revenue shortfall some municipalities would be required to take extreme measures that would gut local government eliminating critical public service. Local governments need the flexibility that A-3971 and S-2475 provide to limit the impact on property taxpayers.

 We request that you contact your State Senator urging them to support this much-needed tool for local governments in an unprecedented time and a loss of revenue that will not be recaptured for several years, if ever. Further, we request that you consider sending a letter or adopting the sample resolution expressing your support of A-3971/S-2475. 

Contacts:

•    Michael F. Cerra, Assistant Executive Director, mcerra@njlm.org, 609-695-3481 x120

•    Lori Buckelew, Senior Legislative Analyst, lbuckelew@njlm.org, 609-695-3481 x112.


Facebook Twitter Email

Other News in Emergency Management & Public Health

Week of May 3: COVID-19 Report

Posted on: May 13, 2021

Week of April 19: COVID-19 Update

Posted on: April 27, 2021

Week of March 29 COVID-19 Update

Posted on: April 1, 2021

American Rescue Plan Update

Posted on: March 26, 2021

Week of March 22: COVID-19 Update

Posted on: March 26, 2021

Week of March 8: COVID Update

Posted on: March 15, 2021

Week of Feb. 22: COVID-19 Weekly Update

Posted on: February 26, 2021

Week of February 15: COVID-19 Update

Posted on: February 22, 2021

Week of February 8: COVID-19 Update

Posted on: February 16, 2021

Week of February 1: Covid-19 Update

Posted on: February 8, 2021

Week of January 24: Covid-19 Update

Posted on: February 1, 2021

Week of January 18: COVID-19 Update

Posted on: January 22, 2021

COVID-19 Update: Week of January 4

Posted on: January 11, 2021

Larger Stimulus Checks Unlikely

Posted on: January 4, 2021

COVID Relief & Omnibus Bill Passed

Posted on: December 28, 2020

Week of December 21 COVID-19 Update

Posted on: December 28, 2020

Week of December 14: COVID-19 Update

Posted on: December 18, 2020

Covid-19 Update: Week of December 6

Posted on: December 14, 2020

Treasury OIG Coronavirus Relief Fund FAQs

Posted on: December 11, 2020

Covid-19 Update: Week of November 29

Posted on: December 10, 2020

Covid-19 Update: Week of November 16

Posted on: December 1, 2020

Covid-19 Update: Week of November 2

Posted on: November 11, 2020

Governor Takes Action on Bills

Posted on: September 21, 2020

Week of September 6: COVID-19 Update

Posted on: September 14, 2020

Local Aid Crucial for Economic Recovery

Posted on: August 25, 2020

Week of August 10: COVID-19 Update

Posted on: August 14, 2020

Week of August 2: COVID-19 Update

Posted on: August 9, 2020

COVID-19 Research Volunteers Needed

Posted on: August 6, 2020

Storm Update from NJBPU

Posted on: August 5, 2020

Week of July 24: COVID-19 Update

Posted on: August 5, 2020

COVID-19 Rundown: Week of July 20

Posted on: July 30, 2020

Week of July 13: COVID-19 Update

Posted on: July 19, 2020

Murphy Ok's COVID-19 Borrowing Bill

Posted on: July 19, 2020

Bridge Budget Bill Introduced

Posted on: June 26, 2020

Share the Message: MunisAreEssential

Posted on: June 18, 2020

Week of June 8, 2020 Covid-19 Update

Posted on: June 12, 2020

Week of May 25: COVID-19 Update

Posted on: May 29, 2020

Week of May 18: COVID-19 Update

Posted on: May 22, 2020

State Budget Update

Posted on: May 22, 2020

DEP Launches "Mask Up!" Campaign

Posted on: May 20, 2020

Week of May 11 COVID-19 Update

Posted on: May 15, 2020

HEROES Act Includes Hometown Help

Posted on: May 15, 2020