Council introduces 2014 budget
Taxes will increase $104.84 for the average taxpayer
WEST MILFORD — The township council introduced the 2014 municipal budget Wednesday night, a budget totaling $24,424,576.44, which will increase the average taxpayer’s bill $104.84 over last year’s taxes. The average home in the township is assessed at $247,000.
"Over the past month, the original proposed budget has been reduced by over $426,000 and it is being introduced at this council meeting with the specific understanding that the council will continue its budget review and may effect additional changes at the time of the public hearing and amendment/adoption at the June 4, 2014 meeting," according to Bob Casey, interim township administrator.
The 2014 operations budget is $393,486 over last year's, an increase of 1.35 percent.
"Even though this expenditure increase is very reasonable, given the absence of reoccurring non property tax revenues, the amount required in property taxes to fund the 2014 budget has increased by $856,157 or 3.97 percent," said Casey in a memo to the council.
Casey also gave a total of the proposed budgets for the municipality, the school board, the county and the county open space. If the county and municipal budgets stay as proposed, the homeowner with the average assessed value of $247,000 will pay an additional $255.15 this year for all of its tax requirements.
This is not the final budget. The council will hold a public hearing on June 4 to get residents' comments on the plan and is expected to adopt the budget at that meeting.
By the Numbers
2014 Total preliminary municipal budget includes:
Solid waste 1,868,965.59
Open space 150,490.00
Avg. Home assessed at $247,000 pays: $2,180.65
2013 avg. taxes: $2,075.81
Increase of $104.84 for the average
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