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Bill > A4734

NJ A4734

NJ A4734
Excludes contributions to volunteer first aid or rescue squads from appropriations cap and property tax levy cap for certain local units.

summary

Introduced
10/11/2022
In Committee
10/11/2022
Crossed Over
Passed
Dead
01/08/2024

Introduced Session

2022-2023 Regular Session

Bill Summary

The bill moves contributions to a volunteer first aid or rescue squad outside of the budget appropriation and property tax levy caps for certain local units. N.J.S.A.40A:4-45.3 requires that a municipality limit appropriation increases to 2.5 percent or the cost-of-living adjustment, whichever is less, over the previous year's final appropriations, but provides for certain exceptions. The bill would add contributions to a volunteer first aid or rescue squad that serves the municipality to an existing list of allowable exceptions. N.J.S.A.40A:4-45.45 concerns the preparation of a local unit's budget with respect to the amount to be raised by taxation. The bill would allow local units to raise funds from property taxpayers for certain contributions to a volunteer first aid or rescue squad by making this purpose an exclusion from the property tax levy cap.

AI Summary

This bill excludes contributions to volunteer first aid or rescue squads from the appropriations cap and property tax levy cap for certain local units. Specifically, it amends the laws governing municipal budget appropriation increases and property tax levy caps to allow local units to exceed those caps when funding direct contributions to volunteer first aid or rescue squads that serve the municipality. This provides an exception to the general 2.5% cap on appropriation increases and the property tax levy cap for these types of expenditures.

Committee Categories

Government Affairs

Sponsors (1)

Last Action

Introduced, Referred to Assembly State and Local Government Committee (on 10/11/2022)

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