By what date must the Annual Debt Statement be submitted to NJ DLGS?

The Annual Debt Statement must be submitted to the New Jersey Division of Local Government Services (DLGS) by January 31. This deadline is crucial for municipalities as it provides the state with important financial data concerning municipal debt. This information helps the DLGS monitor fiscal responsibility and ensure that municipalities are adhering to important financial and legal standards.

Submitting the Annual Debt Statement by the end of January allows time for the state to process the information before the end of the fiscal year for many municipalities. This timing is essential for updating financial records and preparing for future budget cycles as well. Meeting this deadline reflects a municipality's commitment to transparency and accountability in managing public finances.