title
RESOLUTION SETTING THE COUNTY OPEN SPACE TAX RATE AT ONE CENT PER ONE HUNDRED DOLLARS OF TOTAL COUNTY EQUALIZED REAL PROPERTY VALUATION, PURSUANT TO N.J.S.A. 40:20-1.
body
WHEREAS, the County of Passaic (“County”) is a body politic and corporate pursuant to N.J.S.A. 40:18-1 and vested with all rights contained therein; and
WHEREAS, pursuant to N.J.S.A. 40:20-1, the Board of County Commissioners of the County of Passaic (“Board”) is vested with managing the property, finances, and affairs of the County; and
WHEREAS, in accordance with Chapter 283 of the Public Laws of 1991, now authorized by Chapter 24 of the Public Laws of 1997 (as amended and codified at N.J.S.A. 40:12-15.1 et seq.) the voters of the County at the General Election of November 5, 1996 approved two ballot questions, authorizing the establishment of a County Open Space, Farmland, and Historic Preservation Trust Fund (“Open Space Trust Fund”), and further authorizing an annual levy not to exceed four cents ($0.04) per one hundred dollars ($100.00) of total County equalized real property valuation, with the amounts raised by such levy to be deposited into the Open Space Trust Fund; and
WHEREAS, on April 25, 2017, the Board approved Resolution No. R20170349, adopting a uniform body of rules and regulations governing the Open Space Trust Fund (“Rules”), which were most recently amended by Resolution No. R20211115, adopted on November 23, 2021; and
WHEREAS, under N.J.S.A. 40:12-15.2 and the Rules, the Board may set the amount of the annual levy (“Open Space Tax”) at a rate not to exceed the rate approved by the County’s voters (i.e., four cents ($0.04) per one hundred dollars ($100.00) of total County equalized real property valuation); and
WHEREAS, the County’s Chief Financial Officer is recommending that the Board adopt a resolution setting the Open Space Tax at a rate of one cent ($0.01) per one hundred dollars ($100.00) of total County equalized real property; and
WHEREAS, this matter was discussed at the February 12, 2025 Administration and Finance Committee meeting, and is being recommended to the Board for approval.
NOW, THEREFORE, LET IT BE RESOLVED, pursuant to N.J.S.A. 40:20-1, the Board of County Commissioners of the County of Passaic sets the County Open Space Tax at a rate of one cent ($0.01) per one hundred dollars ($100.00) of total County equalized real property, which rate shall remain in effect until modified by resolution of the Board.
LET IT BE FURTHER RESOLVED, that the Clerk of the Board, Chief Financial Officer, County Counsel, County Administrator and Director of the Board are authorized to take any action necessary to carry out the purpose of this Resolution.
NB February 25, 2025