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Finance News

07/02/2015   CY 2015 Statement of State Aid
07/02/2015   Storm Response: Financing and Procurement Matters
06/25/2015   Chapter 159 Submittals
03/25/2015   States of Emergency Relating to Snow Storms
03/03/2015   CY 2015/SFY 2016 State Aid Certification
01/23/2015   2015 Municipal Information Sheet
01/22/2015   LOSAP Annual CPI Adjustment
01/22/2015   CY 2015 Municipal Levy Cap Referendum Procedures

CY 2015 Statement of State Aid - 07/02/2015

With final adoption of the State budget, CY 2015 Statements of State Aid ("SOSA") have been posted for Calendar Year municipalities that did not apply for transitional state aid.  Statements for individual municipalities, along with a statewide summary worksheet, can be downloaded from the Division of Local Government Service's Municipal State Aid website under Individual Municipal Certifications/Statement of State Aid for 2015.  Please review Local Finance Notice 2015-10 for more detailed information.

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Storm Response: Financing and Procurement Matters - 07/02/2015

On Tuesday, June 23rd, storms moved through New Jersey bringing significant rainfall and damage to portions of the State. Local Finance Notice 2015-11 has been issued to inform impacted local units of relevant post-storm financing and procurement matters.

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Chapter 159 Submittals - 06/25/2015

Please be advised that per LFN 2014-11 all adopted Chapter 159 Resolutions submitted to the Director of the Division of Local Government Services for approval must be submitted electronically.  It is no longer necessary to mail hard copies.  If you should have any questions as to how to electronically file the 159 Resolutions, please contact Jorge Carmona at Jorge.carmona@dca.nj.gov or call (609) 292-1430.  For technical difficulties, please call Mark Brodowski at (609) 633-2504. 

 

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States of Emergency Relating to Snow Storms - 03/25/2015

Governor Christie recently signed two executive orders declaring States of Emergency for the response and recovery efforts required by various snow storms occurring on: January 26, 2015 and March 5, 2015. Local Finance Notice 2015-08 addresses matters relating to financing and procurement with respect to these declared emergencies.

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CY 2015/SFY 2016 State Aid Certification - 03/03/2015

The Division issued Local Finance Notice 2015-07 on February 26th outlining the state aid for CY 2015/SFY 2016 as funded in the Governor's Budget Presentation on February 24th.  The individual certification of state aid amounts, which are to be used in the preparation of the CY 2015 budgets are also available on the DLGS website under Municipal State Aid

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2015 Municipal Information Sheet - 01/23/2015

The municipal information sheets are now available on the DLGS website under fiscal reports.  For questions, please email DLGS@dca.nj.gov or call (609)292-4806.

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LOSAP Annual CPI Adjustment - 01/22/2015

Local Finance Notice 2015-02 provides local units administering a Length of Service Awards Program (LOSAP) with general information regarding LOSAP award increases together with the annual cost of living adjustment to the maximum award amounts.

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CY 2015 Municipal Levy Cap Referendum Procedures - 01/22/2015

Local Finance Notice 2015-03 provides specific instruction and direction to municipalities operating on a calendar fiscal year considering holding a public referendum to exceed either the:
- Two (2) percent municipal property tax levy cap pursuant to N.J.S.A. 40A:4-45.45 et seq. or,
- One and a half (1.50 ) percent appropriation caps pursuant to N.J.S.A. 40A:4-45.3 et seq.

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Updated: 07/02/2015