January 14, 2011
Re: New Local Finance Notices
2011 CY Budget Deadline Extensions
Revised Bid Acceptance Dates
Dear Mayor:
Today, the Division of Local Government Services has released two Local Finance Notices that impact bidding procedure and budget deadlines.
The first is a revised Local Finance Notice 2011-1(R) with changes to the 2011 Table of State and Federal Holiday Bid Acceptance Dates. The table has been updated to correct two dates in error (Lincoln's Birthday and Good Friday) and to clarify which holidays are state and federal.
The second is Local Finance Notice 2011-2, CY 2011 Budget Deadline Extensions and Changes. This notice outlines the proposed changes in budget transmittal, introduction, and adoption dates for CY 2011 municipal and county budgets as well the key dates for local units considering levy cap referendums under the 2010 Levy Cap Law. The Local Finance Board will be considering the proposed changes at their January 14, 2011 meeting. The Division will send a GovConnect e-mail to confirm the changes.
The proposed changes are shown below:
Introduction and Adoption of Budget – Non Referendum |
Statutory Date |
Revised Date |
Mayor/Council Faulkner Act (Executive) budget transmission to governing body |
1/15 |
2/25 |
Municipal introduction and approval of budget |
2/10 |
3/11 |
County introduction and approval of budget |
1/26 |
2/25 |
Municipal adoption |
3/20 |
4/22 |
County adoption |
2/25 |
3/25 |
|
|
|
Budget Dates when an Appropriation or Levy Cap Referendum is Planned |
Statutory Date |
Revised Date |
Mayor/Council Faulkner Act (Executive) budget transmission to governing body |
1/15 |
2/25 |
Last day to publish “Notice of Availability of Mail-In Ballots” required to hold a referendum (N.J.S.A. 19:63-6)* |
n/a |
3/7 |
Introduction and approval of budget and deadline to submit levy cap referendum question, including amount and explanatory statement to County Clerk |
2/4 |
4/7 |
Last date for budget publication prior to referendum |
2/11 |
4/15 |
Referendum date |
2/23 |
4/27 |
Adoption with cap referendum |
n/a |
5/13 |
* This Notice is the first step that authorizes a levy cap referendum and must be published, even if the governing body eventually decides to not hold the referendum. A resolution authorizing the Notice must be passed in sufficient time in advance of March 7 to take into account the time it takes to have the notice published in an official newspaper.
Questions concerning the two Local Finance Notices can be emailed to dlgs@dca.state.nj.us.
Very truly yours,
William G. Dressel, Jr.
Executive Director
