New Jersey Statutes 40A:4-45.15b. County permitted certain final appropriations, county tax levy
Terms Used In New Jersey Statutes 40A:4-45.15b
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- budget: means the budget of a local unit. See New Jersey Statutes 40A:1-1
b. Notwithstanding any provisions of P.L.1976, c.68 (C. 40A:4-45.1 et seq.) to the contrary, a county, which, for any local budget year beginning on or after January 1, 2005 for which the cost-of-living adjustment is equal to or less than 2.5%, increases its final appropriations or county tax levy in an amount less than 3.5%, shall be permitted, after adoption of a resolution by the governing body, to appropriate the difference between the amount of its actual final appropriations or county tax levy and the 3.5% percentage rate, as an exception to its final appropriations or county tax levy in either of the next two succeeding years. In the year immediately following the year in which the amount of difference is so appropriated, the amount of difference shall be added to the final appropriations or county tax levy of the preceding year for the purposes of section 2 of P.L.1976, c.68 (C. 40A:4-45.2).
L.1994,c.100,s.2; amended 2004, c.74, s.10.