[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.
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.
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.