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Bill to Transfer of PFRS to a Labor-Management Board before Assembly Committee

Weekly Update
I. State Issues
II. Federal issues
III.  League Conference Follow-up
IV. Also of Interest

2018 Mayors Hall of Fame
Applications are now being accepted for the 2018 Mayors Hall of Fame. For more information, read this years’ cover letter. Utilize this form (Word / PDF) to apply or nominate a Mayor for recognition.

S-5, Bill to Transfer PFRS to a Labor-Management Board Held
Yesterday, the Senate held S-5, which transfers the management of Police and Fire Retirement System (PFRS) to a Board of Trustees of PFRS. It is our understanding that the bill was held to be amended to either reinsert or address the 80% target fund ratio provision, which is one of the major objections raised by the League, the Association of Counties, and the Conference of Mayors.

Your social media help with renewing arbitration cap
We ask your help with spreading the message about the need to renew the 2% Interest Arbitration Cap as a sensible proven means of controlling property tax increases.  To that end, we understand the legislators and Governor now need to hear from the broader public and we are attaching below social media tools you can quickly use to help.

IRS Advisory on Deductibility of Prepaid Property Taxes Offers Some Guidance
As a follow-up to yesterday’s letter, here is the latest we have concerning the recently adopted Federal Income Tax Reform bill that will cap the allowable deduction for combined State and Local Taxes (SALT) at Ten Thousand Dollars ($10,000.00), per year.

Receive the Recognition Your Town Deserves!
I’d like to extend a personal invitation for you to submit an article to the League magazine, NJ Municipalities sometime this year. With a circulation of 7,558 and a much larger pass along readership, the magazine provides a unique opportunity to bring attention to your community.

NJLM Classified Ads Section
Need to fill an open position? Looking to place an ad for equipment for sale? The New Jersey League of Municipalities website offers a Classified Ads section.


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