[HISTORY: Adopted by the Township Council of the Township
of Evesham 2-19-2008 by Ord. No. 5-2-2008. Amendments noted where applicable.]
This chapter is adopted in order to express and codify certain
financial policies of the Township of Evesham. The Township Council
believes that responsible financial planning and self-imposed limits
on irresponsible spending should be permanently expressed in the Township
Code.
A.Â
Statement of intent. The voters of the Township of Evesham have twice
approved the establishment of a dedicated tax levy to preserve, develop
and raise revenue for the preservation and development of recreation
and open space properties and for other purposes as permitted under
N.J.S.A. 40:12-15.7. Although the authorizing legislation for such
tax allows municipalities to utilize the revenues generated under
the levy to be expended for salaries and other operating costs relating
to maintaining open space and recreation sites, the Township Council
believes that excessive use of open space tax revenues for salary
and ordinary operating expenses is inconsistent with good financial
management. The Township Council believes that fixing limits upon
the extent to which revenues generated from the open space tax levy
may be used for salaries and operating costs is necessary and prudent.
B.Â
Use of revenue from open space tax levy limited. Effective January
1, 2010, the use of the revenue generated by the dedicated tax levy
established by referendum submitted to the voters of the Township
of Evesham under N.J.S.A. 40:12-15.7 shall be limited as follows.
No more than 50% of such revenues shall then be used for salaries
or ordinary maintenance expenses. By imposing such limits, the Township
Council directs that at least 50% of any revenues hereinafter generated
by the open space tax levy shall be used and dedicated solely to the
acquisition of lands or interests in land and/or shall be used for
the development of recreation and open space.
