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Committee advances bill to curb transfers from stormwater, water and sewer funds amid governance concerns
Summary
The State and Local Government Committee advanced A3456 to second reference. Advocates for municipal utilities urged more analysis, saying the bill blurs differences between authorities and utility enterprise funds and could require comprehensive fiscal planning.
The Assembly State and Local Government Committee advanced A3456 on a second reference after members said they want more time to examine the proposal that would reduce the amount counties and municipalities may divert from stormwater, water and sewer utilities and authorities to general budgets.
Supporters of keeping rate-funded revenue in utility accounts argued the bill aims to preserve funds for system maintenance; opponents said the measure needs technical fixes to avoid disrupting existing governance and…
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