The Gloucester County Board of Supervisors will likely rescind its proposed calendar-year-to-fiscal-year conversion of the way real estate is taxed and billed that it voted to implement last year.
According to a prepared statement written by the board’s chairman Phillip Bazzani, the intended purpose of the conversion, which was full transparency of the budget process, has been accomplished, and moving forward with the conversion would cause unnecessary confusion for residents. A public hearing on rescinding the proposed change will be held during the board’s March 7 meeting.
Chris Hutson, vice chairman of the board, read Bazzani’s statement during the board’s most recent meeting on Feb 7, which in part said, “The primary motivation behind the calendar-to-fiscal conversion was elimination of the so-called slush fund, or windfall effect that was created within the budget year when excess revenues were generated due to tax rate of valuation increase.”...
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