Vernon introduces budget with tax decrease

Taxes will drop for the third consecutive year


Make text smaller Make text larger




Vernon Mayor Victor Marotta introduced the township's 2014 budget on Monday night, which calls for an average tax decrease of $22.95.

Vernon Township Budget

Total: $24,247,616
Average Tax Rate: $22.95 for property valued at $219,359
Average Tax to be paid: $1,250 for property valued at $219,359

Marotta said he was proud to introduce a budget that "reduces property taxes for the third straight year."

For an average property valued at $219,359, the average tax to be collected is $1,250.

In 2013, the average $221,769 property paid $1,272.95 in taxes.

There will be a public hearing and vote on the budget $24,248,616 at the Township Council's April 14 meeting.

Marotta said he was pleased that the department heads, Business Administrator William Zuckerman, and Chief Financial Officer Elke Yetter have “bought into the concept that we can work with less. In 2014, we will demonstrate once again that we are doing that.”

Yetter presented various lists and charts that broke the budget down and explained it more thoroughly. This presentation was made available to residents after the meeting. While referring to a list of budget appropriations, Yetter noted that revenue from grants and shared services has increased 31.2 percent and 61 percent respectively. The revenue to be raised by taxation has decreased 2.3 percent to $15,135,306.

Yetter emphasized that revenue from the various grants received by the township, as well as any money from the Vernon Township Municipal Utility Authority (VTMUA) does not cost the taxpayers any extra money, but they do reap the benefits.

The Township Council also introduced ordinance was introduced to establish a cap bank of $479,026.

“The state has set a cap, or a limit, of the spending a municipality may make on items in order to keep the municipal taxes low. The cap bank, or reserve, allows that if a municipality does not spend all of the limit as allowed by law, it may bank, or reserve, that amount for future years.” Lynch said.

He explained that it was a two-year window.

The cap bank Ordinance also will be discussed at the budget public hearing on April 14 at the Municipal Building.

Make text smaller Make text larger

Comments

Pool Rules



MUST READ NEWS

Law creates Lake Hopatcong Fund
Governor Chris Christie has signed into law a bill sponsored by Sens. Anthony Bucco, Steven Oroho and Joe Pennacchio establishing...
Read more »

Governor approves death benefit legislation
TRENTON — Legislation sponsored by Senator Steve Oroho (R-Sussex, Warren, Morris) to help families secure state and federal benefits after the death of a loved one has been...
Read more »

Legislation to lower electric co-op rates is law
Legislation sponsored by Senator Steve Oroho and Assemblyman Parker Space (both R-Sussex, Warren, Morris) to assist Sussex Rural...
Read more »

Chamber plans workplace seminar
NEWTON — Ranging from the worst mass shooting incident in U.S. history in Las Vegas, to the most deadly terror attack in New York City since 9/11 on Halloween day involving...
Read more »
Image

VIDEOS



* indicates required
Community Newspapers


MOST READ

Sports
VTHS honors outstanding athletes
  • Jan 12, 2018
Local News
Parade Grand Marshall luncheon planned
  • Jan 12, 2018

MOST COMMENTED



Find more about Weather in Lafayette, NJ