February 27, 2012
Re: USE LEAGUE RESOURCE TO CALCULATE STATE SKIM IMPACT ON YOUR PROPERTY TAXPAYERS
Recognizing the State’s continuing failure to honor its commitment to municipal property tax relief, Wharton Borough Administrator and CFO Jon Rheinhardt has updated a spreadsheet, which he developed last year. It can be used to calculate your municipality’s annual and 11-year aggregate Energy Tax/CMPTRA losses. Based on that, you can determine what your taxpayers should have received in prior years, and would be receiving this year, if the State complied with the aggregate funding requirements every year, and if it distributed to your municipality the same proportion of the total that your taxpayers originally received in 2001.
If you have access to the excel program, you can open that spreadsheet at http://www.njslom.org/documents/ETR-Impact-Calculation.xls. The numbers currently depicted on the spreadsheet show Wharton’s actual Energy Tax and CMPTRA receipts, the statutorily required amounts and the differences. If your CFO will enter your municipality’s actual annual receipts, in column c, the program will complete the calculations and show your annual and 11-year losses.
You can use this resource to show your local property taxpayers the amount of relief that they have been denied, by the State, from these sources. You can, also, share this information with your State Legislators and with the local press.
If you have any questions, please contact Jon Moran at 609-695-3481, ext. 121.
Very truly yours,
William G. Dressel, Jr.