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Finance News

03/20/2017   March Winter Weather Event - State of Emergency
03/07/2017   CY 2017/SFY 2018 State Aid Certification
03/07/2017   Budget Appropriations for Volunteer Fire Companies & Districts
02/15/2017   Transitional Aid Application Process for CY Municipalities
01/26/2017   2017 Municipal Information Sheets Available Online
01/26/2017   Cap on Budget Requests of Certain County Offices
01/09/2017   State Library Per Capita Aid (PCSA) Application

March Winter Weather Event - State of Emergency - 03/20/2017

On Monday evening the Governor declared a state of emergency for the winter weather event on Tuesday March 14, 2017.  Refer to Local Finance Notice 2016-02 for Financing, Procurement and Property Tax Matters. For questions, please email dlgs@dca.nj.gov or call 609-292-4806.

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CY 2017/SFY 2018 State Aid Certification - 03/07/2017

Local Finance Notice 2017-05 provides important information regarding CY 2017/SFY 2018 State Aid Certification.  On February 28, 2017, Governor Chris Christie presented his proposed FY 2018 budget to the State Legislature. No municipality will receive less total State formula aid in support of its CY 2017 or FY 2018 budget than it received in support of their prior year budget.  The CY 2017/SFY 2018 Aid Certification for each municipality has been posted on the Division's website under the Information Resources/Municipal State Aid heading.  Local officials must obtain their certifications from the website; they are not mailed.

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Budget Appropriations for Volunteer Fire Companies & Districts - 03/07/2017

Generally, N.J.S.A. 40A:14-34 limits the amount a municipality can annually appropriate for use by its volunteer fire companies or boards of fire commissioners to $150,000.  The Director is required to adjust this amount for inflation every two years in accordance with the Cost-of-Living Adjustment promulgated for the 1977 cap law (N.J.S.A. 40A:4-45.1a).  Effective for CY2017/SFY2018 and CY2018/SFY2019 municipal budgets, a COLA adjustment of one-half percent (.5%) has been applied to adjust the annual maximum contribution to $150,750.  Local Finance Notice 2017-06 has further information concerning municipal budget appropriations for volunteer fire companies and fire districts.

 

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Transitional Aid Application Process for CY Municipalities - 02/15/2017

The Division has posted Local Finance Notice 2017-04 concerning the 2017 Transitional Aid Application Process for Calendar Year municipalities.  This aid is only available to address financially distressed communities that have reached a point that without aid they will be unable to pay debt service or the costs of essential services.  Aid comes with significant conditions including, but not limited to:  the requirement to adopt a strict pay-to-play ordinance; the elimination of health care for all officers and employees other than those with full time status; a ban on certain travel and other discretionary costs; requirements to obtains State approvals for hires as well as for certain contracts and initiatives; and the imposition of a State Fiscal Monitor. Calendar Year municipalities intending to apply for Transitional Aid should carefully review LFN 2017-04 and the CY 2017 Application as soon as possible due to pertinent deadlines and be prepared to accept conditions immediately upon application due date. Please note that this application is for CALENDAR YEAR municipalities only.  The application for fiscal year municipalities will be available later in the year.    

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2017 Municipal Information Sheets Available Online - 01/26/2017

The 2017 Municipal Information Sheets are now available on the Division of Local Government Services website. They are listed on the Fiscal reports page, as a separate category link “2017 Municipal Information Sheets.”  

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Cap on Budget Requests of Certain County Offices - 01/26/2017

P.L. 2015, c. 249 limits the annual increase in budget requests for certain county offices to no more than 2% above the prior year.  The law applies to the following county offices (called "county entities" under the law): Prosecutor, Sheriff, Clerk, Surrogate, Register of Deeds & Mortgages, Superintendent of Elections, Board of Elections and Board of Taxation. Local Finance Notice 2017-03 explains how this budget request cap will be implemented. 

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State Library Per Capita Aid (PCSA) Application - 01/09/2017

The Application for State Library Aid (Per Capita) is now available on the State Library's website under the heading "Data Year 2016" for the Application and Instructions. The due date for submission of the Application is March 15, 2017. For questions, please call 609-278-2640 ext. 192 or email rkeith@njstatelib.org.

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Updated: 03/20/2017