Mayor Dalina Says Proposed State Budget to Bring Millions More in Aid to Monroe Taxpayers

As I reported last week, I reached out to the Governor last month to ensure his proposed fiscal ’23 budget focuses on affordability and provides real help to Monroe residents.

I called, yet again, for an increase in state school funding and an expansion of the state Homestead Rebate. We need our fair share of state funding for property tax relief this year.

I am pleased to report that the proposed budget presented Tuesday --- includes many items I am fighting for on your behalf.

Monroe learned today that 2022-23 school funding from the State is proposed to increase by $1.7 million, a 22% increase. Monroe has been woefully underfunded and received as little as $2.9 million just five years ago.

I went to Trenton with many others in 2017 when Senate Bill 2, the most recent school funding formula, was passed.

Since that time, Monroe’s aid increased to almost $7.9 Million in 2021.

With an additional $1.7 million, we will reach $9.6 million in State Aid for the first time for the schools.

While we deserve even more, and a new funding formula, this increase, and the previous four years of increases has helped our efforts to stabilize property taxes for all Monroe residents.

I will continue to fight on this school funding issue and work with our 14th District legislators to ensure this $1.7 million remains in the final state budget bill.

The Governor is also proposing an expansion of the Homestead Rebate Credit to all homeowners and renters who earn less $250,000 in income in 2022.

Today, almost 7,000 Monroe residents get the Homestead credits (usually in May) and many thousands more of our residents will join this group if this new proposal is approved. The average household that qualifies would receive $700. Those already receiving this support could get even more. See the details in this NJ.com article.

I have been fighting for years for more school aid, expanded homestead rebates, higher senior freeze incomes, larger state retirement income exemptions, veterans tax credits and much more.

I pledge to continue my efforts to serve the people of Monroe, ensuring a safe and affordable community for years to come.

Mayor Stephen Dalina

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