News Flash

Budgeting

Posted on: February 24, 2020

Healthcare Levy Cap Exclusion 2020 Budget

In Local Finance Notice 2020-02, the Division of Local Government Services (DLGS) noted that when preparing the property tax levy cap workbook the healthcare levy cap exclusion cannot be used for increases in healthcare costs resulting from decreases in employee healthcare contributions. Furthermore, the Division notes that agreeing to a higher or lower amount of employee health benefit contribution may be a factor that the Director of Local Government Services and/or the Local Finance Board considers when reviewing applications.

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


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