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  • NJ A1655
  • Creates exclusion from municipal property tax levy cap for amounts necessary to provide required matching funds to qualify for grants and other funds.
Introduced
(1/27/2016)
In Committee
(5/1/2017)
Crossed Over
(3/16/2017)
PassedSignedDead/Failed/Vetoed
2016-2017 Regular Session
This bill would include as an exclusion to the property tax levy cap for municipalities, amounts required by law or by agreement that are necessary to provide matching funds required by law, or by agreement, in order for a municipality to receive federal, county, State, independent authority, or nonprofit, funds or grants. Currently, many municipalities are not able to apply for grants and other forms of financial assistance if matching funds are required, because the strict property tax levy cap does not contain room to allow them to raise matching funds. The purpose of this bill is to allow municipalities to raise these funds from property taxpayers by making them an exclusion from the property tax levy cap, since the benefit to the taxpayers from the extra money made available to the municipality outweighs the additional property tax burden from raising the required match.
2nd Reading in the Assembly, Community and Urban Affairs, Passed Assembly
Received in the Senate, Referred to Senate Community and Urban Affairs Committee  (on 5/1/2017)
 
 

Date Chamber Action Description
5/1/2017 S Received in the Senate, Referred to Senate Community and Urban Affairs Committee
3/16/2017 A Passed by the Assembly (47-27-0)
12/15/2016 A Reported out of Assembly Committee, 2nd Reading
12/15/2016 Assembly State and Local Government Hearing (14:00 12/15/2016 Committee Room 13, 4th Floor)
1/27/2016 A Introduced, Referred to Assembly State and Local Government Committee
Date Motion Yea Nay Other
Detail 3/16/2017 Assembly Floor: Third Reading - Final Passage 47 27 6
Detail 12/15/2016 Assembly State and Local Government Committee: Reported Favorably 4 1 0