The Division of Municipal Finance's mission is to provide guidance to municipalities in achieving and maintaining fiscal stability and in complying with state law. We promote the highest standards in local government fiscal policy and decision-making and encourage transparency by serving as a conduit for information and education for taxpayers, for government officials, and for the public.
Maintain and publish a record of elected and appointed municipal officials every election year (the "Blue Book") and provide staff assistance to the Vehicle value Commission which establishes the value of motor vehicles subject to the excise tax used by municipalities in levying taxes.
Monitor and report on the financial conditions of the cities and towns and with cities and towns undergoing financial distress.
Maintain and compute financial and equalized property value information of use to municipalities and policymakers.
Maintain a databank on local finances and property values for the benefit of municipalities and public policy decision-makers.
Annually calculate municipal property wealth and state aid, advising cities and towns on the process of statistical property valuation updates, and provide other technical and legislative support to municipalities.
Provide assistance and encourage compliance with state laws and policies relating to municipalities especially in the areas of public disclosure, tax levies, and financial reporting.