News Flash

Municipalities are experiencing unprecedented losses in revenue due to the COVID-19 pandemic. From deferred tax payments, losses in collected business income taxes such as the hotel tax, and the potential State cuts to property tax relief funding, municipalities must provide essential services with less resources. They will be forced to make up for these budget shortfalls, whether it be through furloughing employees, eliminating community services and events, or significant reductions in services. During this press conference, four elected officials discussed the challenges that lie ahead in terms of revenue loss, and the State’s role. This press conference is part of NJLM’s #MunisAreEssential campaign, a campaign to raise awareness of local budget revenue shortfalls resulting from the COVID-19 pandemic, and the immediate need for state and federal consideration and direct funding assistance.