Township Begins Preliminary Budget Talks with 5-cent Tax Rate Increase
Owner of home assessed at township average would see an annual municipal tax increase of approximately $94.
South Brunswick began discussions Tuesday evening to craft the municipal spending plan for this year with a preliminary budget that would increase the tax rate by 5-cents, however that figure is expected to change as the township begins budget hearings. Township Manager Bernard Hvozdovic and Chief Financial Officer Joseph Monzo presented a preliminary budget to the Township Council that would bring an annual municipal tax increase of $94.20 for homes assessed at the township average of $188,400. Last year, the council approved $47.9 million budget that held the tax rate firm from the previous year at about 72 cents per $100 of assessed valuation. The preliminary budget presented Tuesday carries an increase in spending of about $257,000. "…
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Concerned citizen
2:28 pm on Wednesday, February 13, 2013
I really don't want to hear about a tax increase while they lower taxes on businesses in town. Reassess everyone and make it a fair playing field first!!!   more ›