Revenue for the fund – called Energy Tax Receipts - is collected annually from utility and energy companies in lieu of property taxes for the use of public land for infrastructure such as power lines, pipes, plants and substations, and for the services these companies receive, notably police and fire protection. The bill is sponsored by Senate Majority Whip Troy Singleton and Senate President Nicholas Scutari and would restore millions in annual aid to New Jersey municipalities from the Energy Tax Receipts Property Tax Relief Fund.

That’s why we’re calling on our fellow officials to offer their full support for this legislation.” “And our fellow officials could repeat that success in their own hometowns with the final adoption of S330. “If S330 was to become law, I know the result here in Evesham would be an immediate boost to our township’s ongoing work to provide a fair and stable municipal tax rate for our residents and businesses,” Mayor Veasy said.

Veasy and the Council said passage of Senate Bill 330 (S330) is critical to municipalities like Evesham in efforts to stabilize and reduce the property tax burdens of residents and businesses and make living in New Jersey more affordable. EVESHAM – Evesham Township Mayor Jaclyn Veasy and all her fellow members of Township Council are voicing their complete support for proposed state legislation that would help towns reduce local property taxes, and they are encouraging the governing body of every New Jersey municipality to do the same.

Evesham township taxes