New Jersey A825 exempts contributions to volunteer first aid or rescue squads from budget and property tax levy caps for certain local units.

New Jersey A825 modifies budget and property tax levy caps for certain local units by excluding contributions to volunteer first aid or rescue squads. This change allows local units to raise funds from property taxpayers for these contributions, making them an exclusion from the property tax levy cap. The bill also adds contributions to volunteer first aid or rescue squads to the list of allowable exceptions for budget appropriations. This act applies to budgets adopted by a municipality following the date of enactment.

New Jersey A825 exempts contributions to volunteer first aid or rescue squads from budget and property tax levy caps for certain local units.

New Jersey A825 modifies budget and property tax levy caps for certain local units by excluding contributions to volunteer first aid or rescue squads. This change allows local units to raise funds from property taxpayers for these contributions, making them an exclusion from the property tax levy cap. The bill also adds contributions to volunteer first aid or rescue squads to the list of allowable exceptions for budget appropriations. This act applies to budgets adopted by a municipality following the date of enactment.