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Finance News

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
10/25/2016   CY 2017 Municipal and County Budget Cap Information
09/23/2016   CY2016/SFY2017 Municipal Best Practices
08/04/2016   CY 2016/SFY 2017 State Aid Recapitulation and Payment Schedules

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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CY 2017 Municipal and County Budget Cap Information - 10/25/2016

Local Finance 2016-18 addresses issues related to CY 2017 Municipal and County Budgets and the 1977 and 2010 cap laws. It includes information on the 1977 cap law Cost of Living Adjustment and the use of the COLA ordinance (resolution) and Group Health Insurance increase thresholds. 

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CY2016/SFY2017 Municipal Best Practices - 09/23/2016

The State's Fiscal Year 2017 Appropriations Act (P.L. 2016, c.10) requires the Division of Local Government Services ("Division") to issue a Best Practices Inventory to be completed by each municipality. As in previous years, the maximum amount of aid that is subject to being withheld by the Division is the full amount of the final aid payment (December 1 for Calendar Year municipalities). The Best Practices Inventory can be accessed online located under CY2016/SFY2017 Program. Local Finance Notice 2016-13 provides further information concerning Best Practices. Municipalities operating on a CALENDAR YEAR or TRANSITION FISCAL YEAR (SFY reversions) must return their completed Inventory to the Division by Friday, October 21, 2016.  Those municipalities operating on STATE FISCAL YEAR budgets must return their completed Inventory by Friday, April 7, 2017.  Completion and filing instructions are included in an Appendix to Local Finance Notice 2016-13. 

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CY 2016/SFY 2017 State Aid Recapitulation and Payment Schedules - 08/04/2016

Local Finance Notice 2016-11 summarizes the aid payment program for CY 2016 and SFY 2017 budgets. Effective immediately, there will be a change to the way municipal state aid payment schedules are presented and reported on the Division's website. Previously, state aid payment amounts and disbursement dates were provided in individual municipal aid payment recapitulation sheets on the Division's Fiscal Reports webpage. From this year forward, the Division will instead post a single dynamic Municipal Aid Recapitulation Schedule on the Municipal State Aid webpage. After selecting a municipality from a dropdown menu, the appropriate payments will automatically appear on the screen based on the selection. The output has been formatted to print, allowing for easy conversation to PDF or hard copy printing.

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Updated: 02/15/2017