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Budgeting

Posted on: December 19, 2022

Local Finance Board Approves CY 2023 Budget Deadline Extensions

During the December 14 Local Finance Board Meeting, the Division of Local Government Services (DLGS) proposed revised schedule for 2023 Introduction and Adoption of Municipal Budget Deadlines. The motion carried and the revised 2023 Calendar Year municipal budget deadlines are:

  • Mayor/Council Faulkner Act (Executive) budget transmission to governing body date from January 17, 2023, to February 27, 2023.
  • Submission of the Municipal Annual Financial Statement date from February 10, 2023, to March 31, 2023.
  • Municipal introduction and approval of budget date from February 10, 2023, to March 31, 2023.
  • Municipal adoption date from March 20, 2023, to April 28, 2023. If the regularly scheduled meeting falls within a week or two of this date, it can be approved then and does not require noticing and having a special meeting.

A Local Finance Notice containing this information should be published next week. In the meantime, please share this information with your municipal finance officer.
  
Contact: Paul Penna, Senior Legislative Analyst, ppenna@njlm.org, 609-695-3481, x110.

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