This article shall be known as the "Parsippany-Troy
Hills Property Taxpayers’ Protection Act."
As used in this article, the following terms
shall have the meanings indicated:
INDEX
The consumer price index for urban wage earners and clerical
workers (CPI-W) published by the United States Department of Labor,
Bureau of Labor Statistics for New York, New York - Northeastern,
New Jersey, or any successor index.
OPERATING APPROPRIATIONS
All expenses incurred in the ordinary and necessary course
of maintaining the municipal operations, the definition of which is
to be applied consistent with the concepts adopted by the Governmental
Accounting Standards Board.