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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

FY23 Congressionally Directed Spending Application Process Opens

The recently signed Consolidated Appropriations Act of 2022 reinstituted the congressionally directed spending process, also referred to as earmarks. The Act authorized $9 billion for earmarks for state and local projects. New Jersey’s senators and congre...

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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: October 1, 2021

Oct; 1: Federal Budget Update

The Federal fiscal year begins today, October 1. Yesterday, the Senate and House passed a Continuing Resolution to fund the government through December 3 with $27 billion in new funding for disaster relief and refugee resettlement. President Joe Biden sig...

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Budgeting
Posted on: September 24, 2021

Sept. 24 Federal Budget Update

SALT Deduction Cap & Budget Reconciliation Process Proceeding   Negotiations continue between the House and Senate on the topline price and included policies in the budget reconciliation package, including the status of the ...

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Budgeting
Posted on: October 1, 2021

2021 Municipal Best Practices Inventory Issued

Today the Division of Local Government Services issued the 2021 Municipal Best Practices Inventory. Local Finance Notice 2021-17 provides guidance on this year’s process. All municipalities, including State Fiscal Year, must submit their Best Practices In...

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Budgeting
Posted on: August 5, 2021

CY 2021/SFY 2022 State Aid Payment Schedule

The Division of Local Government Services has issued Local Finance Notice 2021-12 summarizing the state aid payment and payment schedule dates. While the adopted SFY 2020 state budget has maintained formula aid program appropriations, the Open Space PILOT...

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Budgeting
Posted on: June 30, 2021

State FY 22 Budget Signed

Today, Governor Phil Murphy, along with legislative leaders and cabinet members gathered in Woodbridge for the signing of the 2022 Fiscal Year State Budget, which appropriates $46.3 billion in state funds and $6 billion in federal funds. This year’s budge...

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Budgeting
Posted on: June 28, 2021

2022 Budget on Gov. Murphy's Desk

On Thursday both the Assembly and Senate passed A-5870/S-2022, which appropriates $46.3 billion in state funds and $6 billion in federal funds for New Jersey’s FY22 state budget. The budget will now be sent to Governor Murphy desk for his signature. The G...

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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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