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NJ S1807
Bill
Status
Introduced
1/13/2026
Primary Sponsor
Troy Singleton
Click for details
AI Summary
- Municipalities in New Jersey must share annual service charge payments (in lieu of property taxes) from urban renewal entities with counties and school districts, not just retain funds locally
- Urban renewal entities applying for project approval must provide copies of applications to county boards of freeholders, chief executive officers, school district boards of education, and superintendents for informational purposes
- School districts receive notification within five business days of application receipt and have 90 days to negotiate and approve agreements regarding their share of payments in lieu of taxes
- The Director of the Division of Local Government Services in the Department of Community Affairs must be notified of applications and must post financial agreements, ordinances, and annual auditor's reports on the department's website
- Annual auditor reports must now certify the number of school-age children residing in approved projects who attend public schools, submitted within 90 days after the close of each fiscal year
Legislative Description
Requires municipalities to share certain payments in lieu of property taxes with school districts; informs counties, school districts, and DCA of certain information related to property tax exemptions and abatements.
Budget and Appropriations
Last Action
Referred to Senate Budget and Appropriations Committee
2/5/2026
Committee Referrals
Budget and Appropriations2/5/2026
Community and Urban Affairs1/13/2026
Full Bill Text
No bill text available