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The Department of the Treasury seeks to ensure the most beneficial use of fiscal resources and revenues to meet critical needs, all within a policy framework set by the governor; to formulate and manage the state's budget, generate and collect revenues, disburse the appropriations used to operate New Jersey state government, manage the state's ...
The mission of the New Jersey Department of the Treasury is to formulate and manage the state's budget, generate and collect revenues, disburse the appropriations used to operate New Jersey state government, manage the state's physical and financial assets, and provide statewide support services to state and local government agencies as well as the citizens of New Jersey.
The New Jersey Civil Service Commission is an independent body within the New Jersey state government under the auspices of the department. Initially constituted in the late-1940s, pursuant to P.L. 1948, c.446, as the Department of Labor and Industry, the department is one of 16 executive branch departments in New Jersey state government.
There is no unincorporated territory in the state, making New Jersey one of the few states outside New England in which every square foot is incorporated. Title 40 of the New Jersey Statutes allows the state's municipalities to be incorporated under five types- city, town, township, borough, and village, with twelve management forms.
Local government in New Jersey is composed of counties and municipalities. Local jurisdictions in New Jersey differ from those in some other states because the entire area of the state is part of a municipality; each of the 564 municipalities is in exactly one county; and each of the 21 counties has more than one municipality.
Due to the large number of multi-state insurers, the department utilizes a national state-based system of regulation in order to help meet this core mission. The Office's Captives Unit oversees New Jersey's captive insurance market, which opened for business in 2011 [15] and currently includes ten captive insurers.
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