40:62-34.4 - Adjournment of hearing; adoption of budget; alteration or amendment; notice - New Jersey Statutes

40:62-34.4.  Adjournment of hearing;  adoption of budget;  alteration or amendment;  notice
    The hearing on the budget shall be held at the time and place specified in the published notice, but may be adjourned from time to time until the hearing is closed.  After closing the hearings, the governing body may, by resolution, adopt the budget with or without alterations or amendments. However, no alteration or amendment adding to the budget any item of appropriation in amount in excess of one per centum (1%) of the total amount of the appropriations as stated in the approved budget or increasing or decreasing any  item of appropriation by more than ten per centum (10%) of the amount of such  item as stated in the approved budget shall be made in the approved budget  unless the governing body shall first, at a public hearing, grant to taxpayers  and other interested persons an opportunity to present objections and to be  heard with respect to the alteration or amendment, after publishing in at least  one newspaper circulating in the municipality not less than two days prior to  the hearing, a notice describing the alteration or amendment and specifying the  time and place when and where the hearing will be held.

     L.1939, c. 304, p. 734, s. 4, eff. Aug. 2, 1939.