Bill Text: NJ S683 | 2010-2011 | Regular Session | Introduced
Bill Title: Reduces municipal library tax levy cap from 15% to 4%.
Spectrum: Partisan Bill (Democrat 3-0)
Status: (Introduced - Dead) 2010-01-12 - Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee [S683 Detail]
Download: New_Jersey-2010-S683-Introduced.html
STATE OF NEW JERSEY
214th LEGISLATURE
PRE-FILED FOR INTRODUCTION IN THE 2010 SESSION
Sponsored by:
Senator PAUL A. SARLO
District 36 (Bergen, Essex and Passaic)
Senator STEPHEN M. SWEENEY
District 3 (Salem, Cumberland and Gloucester)
Co-Sponsored by:
Senator Stack
SYNOPSIS
Reduces municipal library tax levy cap from 15% to 4%.
CURRENT VERSION OF TEXT
Introduced Pending Technical Review by Legislative Counsel
An Act concerning municipal free library funding and amending P.L.1985, c.541.
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. Section 5 of P.L.1985, c.541 (C.40:54-8.1) is amended to read as follows:
5. Any increase in the amount raised by taxation for the municipal library as required by R.S.40:54-8 shall not exceed the total amount expended by the municipality in the previous year plus [15%] 4% of the previous year's total expenditures for the maintenance of a free public library; except that the State Librarian is authorized to approve additional appropriations to any municipality that requests to appropriate an amount in excess of [15%] 4% of the previous year's total library expenditures.
(cf: P.L.2001, c.137, s.53)
2. This act shall take effect immediately.
STATEMENT
This bill would reduce the cap for the annual increase in the amount required to be raised by taxation for the municipal library from 15% to 4%. This change would bring the municipal library cap in line with the 4% tax levy cap for municipalities imposed pursuant to sections 9 through 13 of P.L.2007, c.62 (C.40A:4-45.44 through C.40A:4-45.47 and C.40A:4-45.3e). The 4% cap could be exceeded only with the approval of the State Librarian.
