New Jersey Administrative Code
Title 5 - COMMUNITY AFFAIRS
Chapter 30 - LOCAL FINANCE BOARD
Subchapter 3 - ANNUAL BUDGET
Section 5:30-3.7 - County entity budget request cap
Current through Register Vol. 56, No. 18, September 16, 2024
(a) A budget request submitted to the county governing body, as appropriate to the form of government, by a county entity budget authority on behalf of a county entity shall be consist of two parts:
(b) In the preparation of the portion of its budget request to be raised by property taxation, a county entity budget authority shall limit any increase in that portion of its budget request to two percent of the previous year's budget request, with the exception of election expenses and the exclusions set forth at N.J.S.A. 40A:4-45.45.b. The county entity budget request cap shall be applied by measuring current year anticipated revenue against the prior year adopted budget appropriations. No budget request exceeding the cap may be submitted to a county governing body.
(c) Any permitted exceptions to the county entity budget request cap will not be relevant for a county entity's budget request if the costs that fall within those exceptions are budgeted pursuant to the county's central budget.
(d) In those situations where non-property tax-based revenues fully funded a county entity's prior year budget request but are not expected to fully fund the county entity's upcoming year's budget request, the county entity can certify a base amount to be signed off on by the county's chief finance officer and approved by the county governing body, as appropriate to the form of government.
(e) Once the county governing body receives a county entity budget request, as appropriate to the form of government, the governing body has the discretion to determine whether to allow a county entity to exceed the limit imposed by the budget request cap, subject to any limitations on the county tax levy in the 1977 and 2010 levy cap laws (N.J.S.A. 40A:4-45.4 and 40A:4-45.45, respectively).
(f) The limitation on transfers established at N.J.S.A. 40A:4-45.38 does not apply to the county entity budget request cap.