Excludes contributions to volunteer first aid or rescue squads from appropriations cap and property tax levy cap for certain local units.

This bill would allow New Jersey municipalities to exclude contributions to volunteer first aid and rescue squads from their budget appropriation limits and property tax levy caps. Currently, municipalities must limit budget increases to 2.5% or the cost-of-living adjustment, but this bill adds these contributions as an exception to that rule. It also permits municipalities to fund these services through property tax increases without being constrained by the usual tax levy cap. This change directly affects municipalities with volunteer emergency services, making it easier for them to secure funding for these essential community resources.