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Posted on: September 27, 2022

Financial Data Transparency Act of 2022: A Costly Unfunded Mandate for Municipalities

As Congress prepares to pass the annual National Defense Authorization Act (NDAA), municipalities should be aware of a provision that may have a negative impact on their operations through the imposition of a new unfunded mandate. Senators Mark Warner (D-...

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Posted on: September 14, 2022

State Health Benefits Commission Approves 2023 Rate Increase

Today, during the Annual Rate Renewal meeting of the State Health Benefits Commission (SHBC), the trustees voted to approve a nearly 23% local government health insurance rate increase and a 21% increase in state employee health insurance rates. The three...

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Pension & Benefits
Posted on: August 12, 2022

State Health Benefits Program Plan Design Committee Meets

Yesterday, the State Health Benefits Program (SHBP) Plan Design Committee met, and the members were given an Overview of the Rate Setting Environment by AON, a risk management firm assisting the SHBP. AON’s overview offered a number of reasons f...

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Posted on: June 29, 2022

Energy Tax Receipt Funding Update

The FY 2023 Budget legislation was favorably released from both the Senate Budget and Appropriations Committee and the Assembly Budget Committee along a party-line vote in both committees on the evening of June 27. The Budget legislation includes an alloc...

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Budgeting
Posted on: June 29, 2022

FY2023 Budget Update

With the FY2023 budget deadline of June 30 fast approaching, Governor Murphy and the State Legislature continue to consider how to use the $6.9 in surplus revenue. Governor Murphy and majority leadership continue to follow their affordability agenda for N...

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Budgeting
Posted on: April 22, 2022

FY 2023 Budget Hearings Continue

Budget hearings continued this week with the Senate Budget and Appropriations meeting on Thursday, April 21. A number of individuals testified including some who reaffirmed the League's requests to restore funding to Op...

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Budgeting
Posted on: April 13, 2022

Office of Legislative Services and Department of Treasury Give Testimony on FY2023 Budget

On Monday, April 4, the legislative hearings on Governor Murphy’s proposed $48.9 billion FY2023 budget began. The Assembly Budget committee heard testimony from the New Jersey Office of Legislative Services (OLS) and the New Jersey Department of...

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Budgeting
Posted on: March 22, 2022

DCA Issues Local Finance Notice on State Aid Certification

On Tuesday, March 15, the Department of Community Affairs (DCA) issued Local Finance Notice 2022-10 (LFN 2022-10), outlining the 2023 State Aid Certification process. The Calendar Year (CY) 2022)/State Fiscal Year (SFY) 2023 Aid Certification for each mun...

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Budgeting
Posted on: February 24, 2022

Act Now: Impact of Diversion of Energy Tax Receipts

As the State begins to consider its FY 22-23 budget, it is critical for municipalities to advocate for S-330, which will increase distribution to municipalities from the Energy Tax Receipts Property Tax Relief Fund over five years, restore munici...

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Budgeting
Posted on: January 31, 2022

Legislation Restoring Energy Tax Receipts Advancing

On Thursday the Senate Community and Urban Affairs Committee unanimously approved S-330, which increases distribution to municipalities from the Energy Tax Receipts Property Tax Relief Fund over five years to restore municipal aid reductions and requires ...

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Budgeting
Posted on: February 24, 2021

FY 2021 State Budget-Municipal Interest

On Tuesday, February 23, Governor Murphy delivered the annual budget address. The Governor’s proposed $44.8 billion budget will guide the State’s spending through the next (FY 2022) fiscal year. While the full details of the Governor&a...

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Budgeting
Posted on: March 9, 2022

Governor Delivers FY 2023 Budget Address

Governor Murphy delivered his Fiscal Year 2023 Budget Address. The proposed budget is $48.93 billion, which is a 5.3% increase over FY 2022 state budget. The budget does not include any new taxes or fees.  The overall state aid ...

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