New Jersey Division of Local Government Services Local Finance Notice 2022-22

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Wielkotz & Company
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December 15, 2022
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Local Finance Notice 2022-22 CY2023 Budget Deadline Extension and Enforcement

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  • Governing bodies may adopt a budget anytime within 10 days of receiving the Director’s certification of approval of the budget.

COVID-19 Issues

  • COVID Special Emergencies: The deferred charges for the COVID Special Emergencies can be excluded from both the 1977 and 2010 caps.

Transitional Aid Application Process

  • Municipalities in financial distress will have one opportunity to apply for Transitional Aid to Localities, but should carefully evaluate whether it is necessary and appropriate to seek Transitional Aid.
  • Municipalities that received Transitional Aid in CY 2022 are allowed to anticipate 85 percent of their CY 2022 aid allocation.

Municipal Aid and the FY2024 State Budget

  • The Division will notify municipalities of the amount of Consolidated Municipal Property Tax Relief Aid and Energy Tax Receipts aid that can be anticipated in their 2023 budgets.
  • Group 1 budgets will be examined by the Division for CY 2023, and Groups 2 and 3 may be eligible for local examination.

Other Budget Reminders

  • Amendment Procedures: The amendment process can begin after the public hearing has been held on the introduced budget.
  • Employee contributions, employer share, and total costs for health care coverage are disclosed in each formal Budget Message. The disclosure may be broken down by employee group.
  • The Municipal Library Tax Levy is a dedicated line item on property tax bills. It is the minimum amount only.
  • N.J.S.A. 40A:4-10 requires municipalities to post their adopted budgets on their web site. Municipalities without their own websites must have their adopted budgets posted on the Division’s website.
  • P.L.2020, c. 34, authorizes the Director to extend deadlines for audits of municipalities and authorities with fiscal years ending June 30, 2022, for an additional 90 days.

Local Finance Notice 2022-22

Please follow the link below to read more about these items and guidance on how your local unit can implement them:

Contact Wielkotz & Company, LLC Today

For further information on Local Finance Notice 2022-22 and its implementation feel free to reach out to Steven Wielkotz at (973)-835-7900 ext. 201 or

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