This Local Finance Notice provides specific instruction and direction to municipalities operating on a calendar fiscal year considering holding a public referendum to exceed either the:
Some key elements concerning Levy Cap Referendums are municipalities with Type II boards of education may hold a levy cap referendum on April 20, regardless of when their school board elections are held. Non-partisan municipalities may hold a levy cap referendum on May 11, regardless of when their school election takes place.
Please follow the link below to read more about these items and guidance on how your local unit can implement them: https://www.nj.gov/dca/divisions/dlgs/lfns/21/2021-03.pdf
For further information on Local Finance Notice 2021-03 and its implementation feel free to reach out to Steven Wielkotz at (973)-835-7900 ext. 201 or firstname.lastname@example.org.