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HomeMy Public PortalAboutr 22-125Am- flu#Yan of t4t 90ro g4 of (f arboxef, N� J, No. #22 -125 11 Date of URGING THE SWIFT PASSAGE OF 5 -330 WHICH RESTORES ENERGY TAX RECEIPTS WHEREAS, taxes on gas and electric utilities were originally collected by the host municipalities to be used for local purposes and to compensate the public for the use of their rights of way; and WHEREAS, when the State made itself the collection agent for these taxes, it promised to dedicate the proceeds to municipal property tax relief; since, just as municipalities collect property taxes for the benefit of school districts, counties, and other entities, the State is supposed to collect Energy Taxes for the benefit of municipal governments; and WHEREAS, for years, though, State budget makers have diverted funding from Energy Taxes to fund State programs; and instead of being spent on local programs and services and used to offset property taxes, the money has been spent as successive Legislatures and Administrations have seen fit; and WHEREAS, the diversion of dedicated energy tax receipts to the State's General Fund further jeopardizes this critical properly tax relief funding in future years; and WHEREAS, by reducing Consolidated Municipal Property Tax Relief Act (CMPTRA), which is also comprised of revenues that should be returned to municipalities, State Budget makers have been able to continue collecting Energy Taxes, while keeping additional revenue that should have been returned to provide property tax relief; and WHEREAS, the cumulative impact of years of underfunding has left many municipalities with serious needs and burdensome property taxes; and WHEREAS, local elected officials are in the best position to decide the best use of these resources, which were always intended to fund local programs and services; and WHEREAS, Senator Singleton and Senate President Scutari have introduced legislation (S -330) that will restore, over a five -year period, Energy Tax Receipts to municipalities; NOW, THEREFORE, BE IT RESOLVED, that the governing body of the Borough of Carteret in the county of Middlesex urges the Legislature to swiftly pass this legislation and Governor Murphy sign the legislation prior to passage of the FY2023 State budget; and BE IT FURTHER RESOLVED that a copy of this Resolution is forwarded to Assemblywoman Yvonne Lopez, Senator Joseph Vitale, Senate President Scutari, Assembly Speaker Coughlin, Governor Murphy, and the League of Municipalities. Adopted this 26'h day of May, 2022 and certified as a true copy of the original on May 27, 2022. CARMELA POGORZ.ELSKL RMC Municipal Clerk RECORD OF, COUNCIL VOTE COUNCILMAN YES NO NV A.B, COUNCILMAN YES NO NV A.B. BELLINO X JOHAL X DIAZ X DIMASGIO X NAPLES X X- Indicate Vote AB- Absent NV -Not Voting XOR- Indicates Vote to Overrate Veto Adopted at a meeting of the Municipal Council } May 26, 2022 Municipal uatk i