Policy Watch

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Financial Disclosure Letter

On March 16, 2017, Downtown New Jersey President Bob Goldsmith submitted a letter to Department of Community Affairs Commissioner Charles Richman detailing the organization’s opposition to a proposed rule that would require volunteer directors and members of a BID or SID to file financial disclosures.

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New Legislation Looks to Help Small-Town Downtown Businesses

According to a September news release from Assembly Democrats, the legislation, bill A2223, would establish the “Main Street Economic Growth Program” in the New Jersey Economic Development Authority to provide financial and technical assistance to a business in a Main Street area within a small municipality.

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Rahway Decision Limits Municipal Flexibility in Designating SIDs

On Oct. 19, 2015, the Superior Court handed down a ruling that limits municipalities’ discretion in creating special improvement districts (SIDs). The issue at hand was whether a city is permitted to include in its SID the entire municipality (with the exception of residences) under the enabling statute N.J.S.A. 40:56-65 et seq. (the “Statute”).

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Opportunity To Comment

The Division of Local Government Services within the New Jersey Department of Community Affairs has proposed a new rule (N.J.A.C. 5:35-2.1), intended to clarify the types of local government employees to be considered “managerial executive employees” and therefore subject to filing an annual financial disclosure statement under Local Government Ethics Law.

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