Following the swearing-in of the new Legislature, Governor Phil Murphy delivered his second State of the State Address to both houses of the new Legislature. The Governor’s remarks, as prepared, are posted online as is the video of the address.
Sadly, no mention was made of the State’s continuing diversion of municipal property tax funding, in order to address other State-level priorities. Important municipal property tax relief funds collected by the State are, according to the statutes, supposed to be distributed to municipalities. The last time the State increased municipal distribution consistent with the statutes was 2001. And between 2008 and 2010, when State revenues declined due to the Great Recession, roughly $320 million were used to address the State’s losses. Every municipality in New Jersey absorbed a part of that loss. Not one dollar of that $320 million has ever been restored.
Next month, the Governor will present his plans for the State’s next (FY 2021) Fiscal Year to the Legislature. The Senate and the General Assembly will need to pass the Appropriations Act by June 30.
Please contact your State legislators and urge them to support the restoration of, at least, the $320 million that was ‘re-purposed’ in 2008, 2009 and 2010.
Contact: Jon Moran, Senior Legislative Analyst, email@example.com, 609-695-3481 x121.