NJ CMFO - MUNICIPAL FINANCE ADMINISTRATION|UPDATED&VERIFIED|100% SOLVED|GUARANTEED SUCCESS

21 Number of counties in NJ (1) 565 Number of municipalities in NJ (1) 1. City 2. Town 3. Township 4. Borough 5. Village 5 types of local government (1) TRADITIONAL COUNTY PLANS Elected freeholders as general govt body, 3 yr overlapping terms. Policy making at administrative level (FH are all admins) OPTION COUNTY CHARTER PLANS 3, 5, 7 or 9 members, concurrent or overlapping terms, FHs elected from districts or at large or both. 1. County Executive Plan- elected county exec, appts county admin with advice of elected freeholders (5) 2. County manager plan- elected freeholders appt county admin (1- Union) 3. County supervisor plan - elected freeholders appt county admin who is supervised by elected supervisor (0) 4. Board President plan- elected freeholder appoints admin and elects a pres from FHs to supervise admin (0) Traditional Plan vs Optional County Charter Plans (1) 1. Commission Act of 1911 (Walsh Act) 2. Municipal manager act of 1923 3. Optional municipal charter (Faulkner Act), which provides for: A. Council-manager form B. Mayor-council form (strong mayor, weak council) C. "Small municipality" for munis with 12,000 people D. Mayor-council-administration 4. Special charter- make your own Forms of municipal government (1) 600 There are more than _________ school districts in NJ (1) Type I- BOE appt by mayor, school debt is part of muni debt Type II- BOE is elected, school debt is not part of muni debt Type I vs Type II School Districts (1) Regional school districts In this School district, membership of BOE is apportioned to participating disctricts according to population. BOE is elected. (1) Consolidated school district In this school district, BOE is apportioned among several districts, operates same as Type II sd. (1) 1. Energy receipts tax 2. Consolidated municipal property tax relief aid (CMPTRA)- to decrease muni taxes, catch all category for state aid programs including business property taxes, payment in lieu of taxes, etc... 3. State assumption of cost of veteran and senior tax deductions (homestead rebate) 4. Transitional aid- for munis in deep shit Type of State Aid to municipalities (1)