The Local Budget Law is cited under which statute?

The Local Budget Law is established to provide a framework for how municipalities in New Jersey create and manage their budgets. This law is crucial as it outlines the procedures, requirements, and timelines that local governments must follow when developing their budgets. It helps ensure transparency, accountability, and adherence to fiscal constraints.

The statute that specifically governs the Local Budget Law is N.J.S.A. 40A:4-1, et seq. This statute sets forth the basic principles and guidelines for preparing the municipal budget, including budget formats, public hearings, and the approval process by local governing bodies. Understanding this statute is vital for municipal officials and stakeholders who are involved in the budget preparation process, as it provides clarity on the legal requirements that must be met.

The other statutes listed do not govern the Local Budget Law. They may pertain to different aspects of municipal operations or financial oversight but do not specifically address the budgeting process. Thus, the citation under the correct statute is essential for anyone needing to understand the legal framework around municipal budgeting in New Jersey.