Hamilton’s ‘Best Practices’ Qualifies Township For
Full 100% of State Aid for 3rd Consecutive Year
For a third, consecutive year, Hamilton Township’s use of State of New Jersey recommended ‘best practices’ for local governments will allow Hamilton to be eligible for a full 100% of its possible State Aid.
Recently, Hamilton Township submitted its completed ‘Local Government Best Practices” checklist to the State of New Jersey’s Division of Local Government Services. The checklist include 50 standards, 29 of which are new standards this year, that the Division of Local Government Services considers to be among the best practices in terms of general management, financial management and other local government service areas.
Scores on the checklist range from 0-50 with towns’ scores placing them into levels that determine the percentage of State Aid that they will be eligible to receive. Based upon their scores, towns may receive anywhere from 95% to 100% of their final State Aid payout.
Hamilton currently uses 44 of these best practices. This places Hamilton in the highest category possible in terms of its possible “percentage of Final State Aid payout” (a full 100% of State Aid payout).
“For a third consecutive year, our adherence to the State Division of Local Government Services recommended best practices will allow our government to be eligible for a full 100 percent of possible State Aid, which is Energy Receipts and CMPTRA revenue that belongs in our taxpayers’ local budget in the first place,” says Hamilton Township Mayor John Bencivengo. “Our local government continues to use strong financial controls and practices that will benefit our taxpayers through our government’s full aid eligibility, although the State of New Jersey should be returning more of our property taxpayers’ and ratepayers dollars’ back to their local budget, so that we can lower residents’ property tax burden.”
“Following our most recent audit by an independent, municipal auditor, which contained no recommended corrective actions, our government’s compliance to an overwhelming majority of state recommended best practices is another strong indication that our local government continues to follow prudent financial practices and fiscal discipline,” says Hamilton Business Administrator John Ricci.