League of Municipalities asks Christie to restore Transitional Aid funding to $149M from $10M

TRENTON – The N.J. League of Municipalities has asked the Christie administration to restore $139 million that was cut Thursday from a program designed to assist towns.

In a letter sent to Gov. Chris Christie, League Executive Director Bill Dressel asked for an immediate restoration of the money that is part of a package of property tax relief programs.

In the budget Christie signed, funding for Transitional Aid, which is targeted for towns facing extraordinary difficulties, was cut from $149 million to $10 million.

Citing the fact that the state now anticipates a surplus of $640 million in fiscal year 2012, the League’s letter asks for a supplemental appropriation.

“These funds are only available to municipalities anticipating difficulties making payments toward nondiscretionary or critical obligations including, but not limited to, debt service, contractual obligations, and public safety payroll,” Dressel states in the letter to Christie.

The full letter is attached. 

League of Municipalities asks Christie to restore Transitional Aid funding to $149M from $10M