Bill > A532

Introduced Session

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

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Christian Barranco (R)*, 

Introduced, Referred to Assembly State and Local Government Committee (on 01/09/2024)

Official Document