A2444

Restores and increases distribution to municipalities from Energy Tax Receipts Property Tax Relief Fund over two years.

This bill amends the "Energy Tax Receipts Property Tax Relief Act" to restore and increase state aid to municipalities. It provides additional aid to municipalities over two years, beginning in Fiscal Year 2023. Municipalities will receive an aid increase equal to 50 percent of the difference between the distribution of Consolidated Municipal Property Tax Relief Aid (CMPTRA) and Energy Tax Receipts Property Tax Relief Aid (ETR Aid) they received in Fiscal Year 2008 and Fiscal Year 2012.