News Flash


Posted on: June 29, 2022

Energy Tax Receipt Funding Update

The FY 2023 Budget legislation was favorably released from both the Senate Budget and Appropriations Committee and the Assembly Budget Committee along a party-line vote in both committees on the evening of June 27. The Budget legislation includes an allocation of $75 million in new funds as part of the Energy Tax Receipt Property Tax Restoration Funds titled the Municipal Relief Fund. The new language states: 

  • “Notwithstanding the provisions of any law or regulation to the contrary, the amount hereinabove appropriated for Municipal Relief Fund shall be distributed to municipalities on the same schedule as Energy Tax Receipts Property Tax Relief Aid and shall be allocated to municipalities in amounts proportional to the amount received by a municipality from Energy Tax Receipts Property Tax Relief Aid, including amounts transferred from Consolidated Municipal Property Tax Relief Aid to the Energy Tax Receipts Property Tax Relief Aid account.” Page 199 Lines 32-38.

We are currently reviewing the newly released SFY 2023 budget and will be providing a further update shortly. The legislature and Governor have until June 30 to adopt the SFY 2023 budget.

Contact: Andrew LaFevre, Legislative Analyst,, 609-695-3481, x116.

Facebook Twitter Email

Other News in Budgeting

CY 2022 Audit Deadline Extended

Posted on: May 12, 2023

DCA Budget Breakdown

Posted on: May 5, 2023

President Biden Proposes FY24 Budget

Posted on: March 10, 2023

SHBC Plan Design Committee Meeting Summary

Posted on: February 24, 2023

Appropriation Cap Workbook Available

Posted on: February 17, 2023

NJPDES Permit Fees Stakeholder Meeting

Posted on: February 6, 2023

FY2023 Federal Omnibus Budget Passed

Posted on: January 9, 2023

SHBP Update: No Relief In New Year

Posted on: December 30, 2022

Federal Budget Update

Posted on: December 23, 2022

FY2023 Budget Update

Posted on: June 29, 2022