Posted on: April 22, 2022
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
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
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: February 24, 2022
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
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
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
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: August 5, 2021
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
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
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
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