>N.J. survey shows local governments turned to shared services, surplus funds to hold 2 percent property tax cap
The governments of New Jersey cities and towns turned to sharing public services and using surplus funds to comply with a new state mandate that property taxes can increase by no more than 2 percent annually.
The actions come to light in an annual Legislative Priorities Survey conducted by the New Jersey State League of Municipalities which garnered the responses of over 100 mayors. The responses to specific issues provide direction for League staff to take when lobbying the Legislature in Trenton.
This year was the first budget year that municipal officials had to comply with the 2 percent property tax levy cap. (Hester, New Jersey Newsroom)