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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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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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Posted on: June 24, 2021

State FY 22 Budget Introduced

On Tuesday June 22, the Assembly and Senate Budget Committees released A-5870/S-2022, which appropriates $46.3 billion in state funds and $21 billion in federal funds for New Jersey’s FY22 state budget. The Governor’s original proposed budget allocated $4...

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Budgeting
Posted on: April 30, 2021

New Jersey SFY 2022 Budget Update

Over the past month, State Fiscal Year (FY) 2022 budget hearings have continued to be held by the Legislature. The Governor’s proposed FY 2022 budget includes a full payment to the pension system, a flat increase from the FY 2021 budget to the State, and ...

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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: December 14, 2020

Local Finance Board Oks DLGS 2021 Budget Calendar Year Extension

On Wednesday, the Local Finance Board approved the proposed Division of Local Government Services 2021 Calendar Year (CY) Budget extensions. The revised CY 2019 Budget deadlines follow:

Mayor/Council Faulkner Act (Executive) budget transmission to the gove...

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Budgeting
Posted on: October 16, 2020

Property Tax Relief Bill Hearing on Monday

On Monday, the Assembly State and Local Government Committee will hear A-2991. This legislation will clarify the telecommunications industry's corporate tax responsibilities, and shield local taxpayers from the costs of endless tax court litigation.&n...

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Budgeting