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ORDINANCE 201905 CALENDAR YEAR 2019 ORDINANCE TO EXCEED THE MUNICIPAL BUDGET APPROPRIATION LIMITS AND TO ESTABLISH A CAP BANK (N.J.S.A. 40A: 445.14) WHEREAS, the Local Government Cap Law, N.J.S. 40A:
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Various individuals or entities may require an ordinance to exceed form, including:
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- Individuals or organizations involved in legal proceedings requiring an ordinance to exceed.
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- Any party seeking permission to deviate from established rules or regulations.
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An ordinance to exceed form is a document that allows a municipality to raise property taxes above the state-regulated limits.
Municipalities that want to raise property taxes above the state-regulated limits are required to file the ordinance to exceed form.
The ordinance to exceed form must be filled out with detailed information about the proposed property tax increase and submitted to the appropriate governing body for approval.
The purpose of the ordinance to exceed form is to inform the public about the municipality's intention to raise property taxes above the state-regulated limits.
The ordinance to exceed form must include details about the proposed property tax increase, justification for the increase, and impact on taxpayers.
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