Hamilton’s ‘Best Practices’ Qualifies Township For
Full 100% of State Aid Payout for 2nd Consecutive Year
For a second, consecutive year, Hamilton Township’s use of State of New Jersey recommended ‘best practices’ for local governments will allow Hamilton to be eligible for a full 100% of its possible State Aid payout.
Recently, Hamilton Township submitted its completed ‘Local Government Best Practices” checklist to the State of New Jersey’s Division of Local Government Services. This year, the Division of Local Government Services developed a checklist of 50 standards that it considers to be among the best practices in terms of general management, financial management and other local government service areas.
Scores on the checklist range from 0-50 with towns’ scores placing them into levels that determine the percentage of State Aid that they will be eligible to receive. Based upon their scores, towns may receive anywhere from 95% to 100% of their final State Aid payout.
Hamilton currently uses 44 of these best practices. This places Hamilton in the highest category possible in terms of its possible “percentage of Final State Aid payout” (a full 100% of State Aid payout). Of particular note is that Hamilton scores perfect in the categories of Financial Standards, Budget Preparation and Presentation, Health Insurance, Public Safety, & Energy.
“Our continued commitment to strong financial controls and managerial practices has not only helped us to keep Township taxes stable during our last 4 budgets, but for a second consecutive year, will allow us to be eligible for a full 100 percent of possible State Aid in the coming year,” says Hamilton Township Mayor John Bencivengo. “We have continued to use strong financial controls and oversight practices that has paid dividends for our taxpayers when comes to full State Aid eligibility.”
“It is important to recognize that not every town will reach the highest level of this ‘best practices’ checklist,” says Hamilton Business Administrator John Ricci. “Last year, 161 of 566 local governments lost some portion of their state aid because they did not meet the highest level of best practices compliance, as Hamilton Township did.”