Bill > A5536

This bill modifies the procedure for fire districts to request an exemption from the property tax levy cap, which is a limit on how much local governments can increase their property tax collection each year. Under current law, most local units must submit a public referendum to voters to increase their tax levy beyond the allowable amount. The bill creates a new process specifically for fire districts, allowing them to request approval directly from the Local Finance Board (a state-level oversight body) instead of holding a public vote. When considering the fire district's request, the Local Finance Board must review changes in appropriations, revenues, or other circumstances that justify the proposed tax levy increase. Importantly, if the Local Finance Board rejects the fire district's request, that decision is final for the fiscal year, and the fire district cannot appeal or seek a waiver. The bill provides fire districts with an alternative path to potentially increasing their tax levy that bypasses the traditional voter referendum process, giving more discretion to the Local Finance Board in making these determinations.

Military Affairs and Security

https://www.njleg.state.nj.us/bill-search/2024/A5536