Homestead Rebate Benefit Is Cancelled

Press release from the Village of South Orange:

March 31, 2020

Homestead Rebate Benefit is Cancelled

Homestead Benefit Credit for 2017 Application is cancelled until further notice by the NJ Department of Treasury - Division of Taxation

THE DIRECTIVE BELOW WAS RECEIVED FROM THE STATE DEPARTMENT OF COMMUNITY AFFAIRS ON 3/24/20: NOTE ****** In light of the fiscal uncertainty due to the unprecedented COVID-19 health emergency, the Acting Director of the Office of Management and Budget (OMB) has placed select available funding into spending freeze reserve in order to ensure sufficient cash and budget authority to meet emergency and statutorily required obligations. As such, we regret to inform you that the appropriation for Homestead Credits that was initially authorized by the New Jersey Department of the Treasury, Division of Taxation to be sent to the municipalities must now be rescinded because the account has been placed into reserve.

This press release was produced by the Village of South Orange. The views expressed here are the author’s own.