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December 29, 2009

RE: December CMPTRA payment disbursement

Dear Mayor:

As you know, due to the State's revenue shortfall, your December 1 CMPTRA (Consolidated Municipal Property Tax Relief Act) revenue replacement payment was delayed.(See our December 1 “Dear Mayor” letter at our website, www.njslom.com) Last week, Governor Corzine announced that those payments would be released. (See our December 22 letter.)

We have just learned that the payments will be electronically deposited and should appear in your municipal accounts on Thursday, December 31.

Your Finance professionals should be aware of the amounts being paid, as they are based on established certifications.

Questions can be referred to dlgs@dca.state.nj.us or the Division of Local Government Service’s State Aid Unit (609) 633-6160.

Thank you for all you do for your fellow citizens.

Very truly yours,

William G. Dressel, Jr.
Executive Director

 

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