This bill modifies the procedure for fire districts in New Jersey to request an exemption from the property tax levy cap. It amends Section 11 of P.L.2007, c.62, allowing fire district boards of commissioners to seek approval from the Local Finance Board to increase the amount raised by taxation beyond the allowable adjusted tax levy. The Local Finance Board is required to consider any changes in appropriations or revenues, or other relevant circumstances when making its decision. If the board denies the request, that decision will be final and conclusive for the fiscal year in question, with no options for appeal, review, or waiver applications.

Additionally, the bill retains the existing requirement for local units that are not fire districts to submit a public question to voters for tax levy increases, with specific guidelines for the referendum process. The new provisions aim to streamline the process for fire districts while ensuring that any requests for increased taxation are carefully evaluated by the Local Finance Board. The act will take effect immediately and apply to fire district budgets adopted after the date of enactment.

Statutes affected:
Introduced: 40A:4-45.46