40A:4-45.16 - Referendum; increase in final appropriations - New Jersey Statutes

40A:4-45.16.  Referendum;  increase in final appropriations
    In any public referendum conducted by a municipality pursuant to subsection  i. of section 3 of P.L.1976, c. 68 (C. 40A:4-45.3i.), the public question to be  submitted to the voters at the referendum election shall state only the amount  by which the final appropriations of the municipality shall be increased by  more than the permissible level over the previous year's final appropriations  if the question is approved by the voters, and the percentage rate of increase  which that amount represents over the permissible rate.  There shall be set  forth in an accompanying explanatory statement a list of the appropriations  line items to which the increased amount shall apply and such other relevant  information as the governing body may wish to include therein.

    A resolution adopted by a municipality to authorize the conduct of such a referendum shall set forth, in addition to the above, the amount to be appropriated for each applicable appropriations item:  a. if the referendum question is approved by the voters;  and b. if the referendum question is disapproved by the voters.

     L.1983, c. 49, s. 9, eff. Jan. 31, 1983.