flexibility for towns and libraries to share tax revenues

ASSEMBLY PASSES MORIARTY BILL PROMOTING FLEXIBILITY FOR TOWNS AND LIBRARIES TO SHARE TAX REVENUES

Release Date: Feb 7 2008

ASSEMBLY PASSES MORIARTY BILL PROMOTING FLEXIBILITY FOR TOWNS AND LIBRARIES TO SHARE TAX REVENUES

Bill Would Allow Library Boards to Direct Excess Funds
Into Municipal Revenue Stream to Preserve Other Local Services

(TRENTON) - The Assembly today passed legislation Assemblyman Paul Moriarty sponsored to give municipalities that fund their own libraries flexibility to tap into unused excess local library tax revenue to stave off local fiscal crises.

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