What is required for a shared service agreement to be adopted?

For a shared service agreement to be adopted, one of the key requirements is that a public hearing must be held. This process ensures transparency and community involvement, allowing residents and stakeholders to voice their opinions, concerns, and support for the proposed agreement. Holding a public hearing is a critical step in the democratic process, reflecting the commitment to engage the community in discussions about shared services that may affect local operations and funding.

While other options may seem relevant to various administrative processes within New Jersey's government or specific local ordinances, they do not apply universally to the adoption of shared service agreements. For example, approval from the state legislature can be necessary for certain state initiatives but is not a prerequisite for all local shared service agreements. Similarly, while submission of financial reports may be required for accountability or monitoring purposes, it is not a stipulation for the initial adoption of an agreement. Consent of the mayor, while potentially influential in local governance, is not a formal requirement for the adoption of shared service agreements, which primarily focus on public engagement through hearings.