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Posted on: May 17, 2019

Property Tax Relief Restoration Bill Advances

On Monday, in Trenton, the Senate Community and Urban Affairs Committee advanced S-51. The legislation has been a long-time League priority. It would, beginning next year, require the State to begin a phased-in restitution of the $331 million, which has been annually diverted from dedicated municipal funding programs – the Energy Tax Receipts Property Tax Relief Fund (ETR) and the Consolidated Municipal Property Tax Relief Aid (CMPTRA) – for the past 12 years. During every year since the Great Recession, this funding has been used to address State budget concerns. S-51 would, incrementally, over the next five years, bring funding for all municipalities back to 2007 levels.

League Past President and Energy Tax Task Force Chair, Mayor Janice Mironov of East Windsor, testified on behalf of the League and of her colleagues in all New Jersey municipalities.

Our thanks to the bill’s sponsors, Senators Troy Singleton and Declan O'Scanlon for their ongoing efforts to restore property tax relief funding that continues to be diverted to the State budget. Senator Singleton, who Chairs the Committee, has championed this initiative for the past several legislative sessions.

The League urged the Committee to consider one amendment to the bill. Section 1 would require any restored funding to be subtracted from the municipality’s adjusted tax levy. The League requested that the bill be amended to delete the proposed requirement in Section 1, which would deny locally elected and locally responsive Mayors and municipal governing bodies the ability to determine the best use for the local property tax relief revenues that the bill would restore.”

The bill will next be considered by the Senate Budget and Appropriations Committee. A companion bill, A-274, awaits action in the Assembly State and Local Government Committee.

Contact: Jon Moran, Senior Legislative Analyst, jmoran@njlm.org, 609-695-3481 x121.


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