Requires any increase in local government costs for employee health care and prescription benefits coverage be offset by equivalent increase in municipal energy tax receipts property tax relief aid.

This bill requires New Jersey municipalities to receive state property tax relief aid equal to any annual increase in costs for employee health care and prescription benefits. It directly affects all New Jersey municipalities that face higher health care expenses due to rate increases, covering costs from self-insurance, commercial insurance, or state programs. Municipalities must submit certified documentation of the increase to the state, which will then adjust their annual aid under the Energy Tax Receipts Property Tax Relief Act by the exact same amount. The bill ensures these increased health care costs do not lead to higher property taxes for residents.