June 3, 2010
RE: Important Survey Budgetary Impact of Spending Increases/Revenue Decreases Workability of Proposed 2.5% Cap
In our efforts to maximize the public policy benefits of the Governor’s proposed 33 bill “Toolkit” of reforms, we are analyzing each of the bills, as it is introduced.
As indicated in our May 19 letter, we had asked to meet with the Administration to discuss ACR-131/SCR-104, which would allow a simple majority of those who cast ballots at a general election to amend the State’s Constitution to impose a 2.5% cap on all property tax levies. (See our letter at http://www.njslom.org/letters/ml051910-const-cap.html. The Administration has contacted us and arrangements for our meeting are being finalized.
We see the 2.5% cap as the final piece, not the centerpiece, of the Governor’s plan, because it would only be practical if many of the cost-containment parts of the toolkit are already in place.
We need your assistance to further our review of the proposed 2.5% levy cap.
Please forward the attached short survey to your Chief Financial Officer and direct that professional to complete the form and return it the League by Friday, June 11, 2010, via fax at 609-695-0151.
Thanks for your assistance in this crucial effort.
Very truly yours,
William G. Dressel, Jr.
PLEASE COMPLETE AND RETURN VIA FAX (609-695-0151)
TO: JON R. MORAN
FROM: ___________________________ TITLE: _______________________________
(Name of Respondent)
YOUR E-MAIL ADDRESS________________________________________
*PLEASE REPORT PERCENTAGE INCREASES/DECREASES IN YOUR MUNICIPAL BUDGET FOR THE FOLLOWING SPENDING/REVENUE CATEGORIES FOR 2009 AND 2010*
(Percentage increase/decreases from 2008 to 2009 in column labeled “2009 %.” Percentage increase/decreases from 2009 to 2010 in column labeled “2010 %.”)
Spending side Increases 2009 % 2010____%
Health Benefits ______________ _______________
Pension ______________ _______________
Utilities ______________ _______________
Snow Removal ______________ _______________
Debt Service ______________ _______________
(Liability, Auto) ______________ _______________
(Worker’s compensation) ______________ _______________
Revenue side declines
Court Fees ______________ _______________
Interest on Investments ______________ _______________
Construction Code Fees
(Budget or dedicated trust) ______________ _______________
State Formula Aid ______________ _______________
Year end fund balances ______________ _______________
(Year End Fund Balance
not fund balanced utilized)
* If 2010 Budget has not yet been adopted, please base your responses on proposed budget numbers.