The New Jersey Division of Local Government Services Local Finance Board wants to make sure that counties and municipalities are paying their bills on time. It recently proposed two new rules that would alter the procedures for the payment of local unit debt obligations. According to the rule proposal, “Local
The Community Disaster Loan Program, operated by the Federal Emergency Management Agency, is providing budget relief for New Jersey municipalities that are experiencing, or projected to experience, revenue losses greater than 5 percent of annual collections due to the impacts of Superstorm Sandy. However, the deadline, February 1, 2013, to
The New Jersey Division of Local Services recently released new rules to implement a 2007 law (N.J.S.A. 40A:5-48) that requires municipalities to provide user-friendly budgets to the public. The aim of the law was to provide local elected officials and members of the public with easy-to-understand budget information to help
