New Hersey State of Muncicipalities Facebook Twitter  Linkedin with NJSLOM NJSLOM YouTube Channel NJLM Blog       





   

January 23, 2012

Re:      Deadline to Introduce CY 2012 Budget Extended

Dear Mayor:

The Division of Local Government Services has issued Local Finance Notice 2012-2 which extends the deadline to introduce your CY 2012 budget to March 9.  This change is due to the timing of the Governor’s Budget address.  Governor Christie is scheduled to present his FY 2013 budget on February 21, 2012 and the release of State formula aid allocation will follow shortly thereafter.

The proposed changes (absent referendum dates) are:


Introduction and Adoption of Budget – Non Referendum

Statutory Date

Revised Date*

Mayor/Council Faulkner Act (Executive) budget transmission to governing body

1/17

2/3

Municipal introduction and approval of budget

2/10

3/9

Municipal adoption

3/20

4/20

* Or the next regularly scheduled governing body meeting where formal action may be taken.

Notwithstanding the revised dates, a budget may be adopted anytime within 10 days of receiving the Director’s certification of approval of the budget. 

At this time, the link to Local Finance Notice 2012-2 it unavailable, however, you can access Local Finance Notices at http://www.nj.gov/dca/lgs/lfns/lfnmenu.shtml.

In addition, the Division will be issuing a Local Finance Notice with the levy cap referendum shortly. 

Very truly yours,

 

William G. Dressel, Jr.
Executive Director

 

 

 

Privacy Statement | NJLM FAQ
New Jersey State League of Municipalities • 222 West State Street • Trenton, NJ 08608 • (609) 695-3481
  FAX: (609) 695-0151