TRENTON, N.J. – The New Jersey Racing Commission may be able to file its annual reports at the end of the state’s fiscal year rather than calendar year. Assemblyman Ronald Dancer’s bill passed the Assembly and now awaits the governor’s signature.
The bill (A5439/S3760), requested by the commission, will eliminate the need to file multiple incomplete reports to meet the statutory filing deadlines.
“The commission didn’t have access to all the data needed to file its annual report because of the differing fiscal calendars and had to file numerous supplemental reports as that data became available,” Dancer (R-Ocean) said. “Adopting this change will streamline the process, making it more efficient.”
The racing commission regulates the safety and integrity of horse racing at the state’s three racetracks in addition to thoroughbred and standardbred permit holders. The commission must submit its reports to the governor’s office annually.
The law will take effect immediately once signed by the governor.