News Flash

Budgeting

Posted on: December 14, 2020

Local Finance Board Oks DLGS 2021 Budget Calendar Year Extension

On Wednesday, the Local Finance Board approved the proposed Division of Local Government Services 2021 Calendar Year (CY) Budget extensions. The revised CY 2019 Budget deadlines follow:

Mayor/Council Faulkner Act (Executive) budget transmission to the governing body
Statutory Date: 1/15
Revised Date: 2/26 or the next regularly scheduled governing body meeting

Municipal introduction and approval of the budget
Statutory Date: 2/10
Revised Date: 3/30 or the next regularly scheduled governing body meeting

Municipal adoption
Statutory Date: 3/20
 Revised Date:   4/30 or the next regularly scheduled governing body meeting


We suggest you review the revised calendar with your Administrator and Chief Financial Officer.

Contact: Paul Penna, Legislative Analyst, ppenna@njlm.org, 609 695-3481, x110.

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