Municipal aid funding totals nearly $1.5 billion

The New Jersey Department of Community Affairs (DCA) today released municipal state aid figures for the 2013 fiscal year, a funding total of $1,466,700,000.

“No town in the state will see a decrease in formula municipal aid for the upcoming year. This stable funding – coupled with such reforms as the 2% property tax cap, pension and health benefit reform and a 2% cap on interest arbitration awards – is driving down the cost of local government and controlling the property tax problem,” said Governor Chris Christie. “These steps are having a real impact in delivering budget relief to municipalities and finally bringing the property tax problem under control for our families. We still have further to go and I urge the legislature to continue working with me to act on reforms that will have a real impact – including ending payouts for unused sick days, promoting shared services and consolidation and enacting civil service reform and the remaining tool kit items that have been stalled.”

The Fiscal Year 2013 Budget proposal funds the Transitional Aid to Localities Program at $113.7 million. In the program’s first year in Fiscal Year 2011, 22 municipalities received aid. That number dropped to 11 municipalities in the current fiscal year. It is anticipated that about 10 municipalities will receive Transitional Aid in Fiscal Year 2013; awards will be based on aid applications submitted to the DCA.

 

Municipal aid funding totals nearly $1.5 billion