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Finance News

02/10/2016   2016 CY Transitional Aid Application
01/26/2016   CY 2016 Municipal Levy Cap Referendum Procedures
01/13/2016   State Library Per Capita Aid (PCSA) Application
01/05/2016   Reminder: UCC Annual Report
01/04/2016   CY2016 Budget Matters

2016 CY Transitional Aid Application - 02/10/2016

The Division has posted Local Finance Notice 2016-04 concerning the 2016 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 2016-04 and the CY 2016 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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CY 2016 Municipal Levy Cap Referendum Procedures - 01/26/2016

Local Finance Notice 2016-01 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 or Zero (0) percent appropriation cap pursuant to N.J.S.A. 40A:4-45.3. If municipal officials are considering a levy cap referendum, this Notice should be reviewed immediately by those involved in budget preparation and elections.

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State Library Per Capita Aid (PCSA) Application - 01/13/2016

The Application for State Library Aid (Per Capita) is now available on the State Library's website under the heading "Data Year 2015".  The due date for submission of the Application is March 15, 2016. For questions, please call 609-278-2640 ext. 192 or email rkeith@njstatelib.org.  

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Reminder: UCC Annual Report - 01/05/2016

This is a courtesy reminder to all municipalities that budget according to the Calendar Year. The NJ Uniform Construction Code Regulations - NJAC 5:23-4.17 (b) require that municipalities file a report that accurately portrays the receipts and expenses of the local enforcing agency for code enforcement purposes. The UCC Annual Report fulfills this requirement, and serves as a basis of changes (if any) in the UCC fee ordinance and staffing needs for the next year. The UCC form must be submitted to the Department of Community Affairs NO LATER THAN February 10, 2016. For QUESTIONS or ASSISTANCE, please e-mail the Office of Regulatory Affairs at ora@dca.nj.gov.

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CY2016 Budget Matters - 01/04/2016

Local Finance Notice 2015-27 contains important updated information on the CY 2016 budget process, including a moderate extension of budget introduction and adoption deadlines, a discussion of newly enacted legislation affecting the budget process, and updates to the municipal user-friendly budget form.  All Business Administrators and CFOs should review this Notice carefully and share it with appropriate officers who participate in the budget planning process.  The updated CY2016 municipal user-friendly budget form is available online.

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Updated: 02/10/2016