Document Text
--- Document: Budget Amendment Document ---
WHEREAS the local municipal budget for the calendar year 2025 was approved on the 16th day of July, 2025, and
WHEREAS the public hearing on said budget has been held as advertised, and
WHEREAS it is desired to amend said approved budget, now
THEREFORE BE IT RESOLVED, by the Municipal Council of the City of Bayonne, County of Hudson, that the following
amendments to the approved budget of calendar year 2025 be made:
Recorded Vote ( ( (
( ( (
(insert last ( ( ABSENT (
names) AYES ( NAYES ( ABSTAINED (
FROM
TO
General Revenues
1.
Surplus Anticipated
9,250,000.00
6,750,000.00
2.
Surplus Anticipated w/ Prior Written Consent of Director DLGS
0.00
1,182,992.00
3.
Miscellaneous Revenues
Section A: Local Revenues
160 East 22nd Street 2-01 Realty LLC
106,857.00
36,162.00
Section G: Other Special Items of Revenue
Prepaid School Tax
0.00
1,437,218.82
Summary of Revenues
Section A: Local Revenues
24,154,995.17
24,084,300.17
Section G: Special Items of Revenue
18,932,624.85
20,369,843.67
5.
Subtotal General Revenues
63,860,624.28
63,910,140.10
6.
Amount to be Raised by Taxes for Support of Municipal Budget:
a) Local Tax For Municipal Purposes Including Reserve for Uncollected Taxes
94,584,306.52
94,534,531.87
Total Amount to be Raised by Taxes for Support of Municipal Budget
103,526,649.72
103,476,875.07
7.
Total General Revenues
167,387,274.00
167,387,015.17
8.
General Appropriations
(A) Operations - within "CAPS"
Employee Group Health Insurance
22,105,000.00
23,408,980.00
Total Operations {Item8(A)} within "CAPS"
107,038,433.00
108,342,413.00
Total Operations Including Contingent-within "CAPS"
107,039,433.00
108,343,413.00
Detail: Other Expeses (Including Contingent)
42,423,433.00
43,727,413.00
(H-1) Total General Appropriations for Municipal Purposes-
within "CAPS"
127,992,620.05
129,296,600.05
(A) Operations - excluded from "CAPS"
Employee Group Health Insurance (Cap Exclusion)
4,045,000.00
2,741,020.00
Total Other Operations - Excluded from "CAPS"
7,658,409.69
6,354,429.69
Total Operations - Excluded from "CAPS"
11,349,059.42
10,045,179.42
Detail: Other Expenses
9,440,105.97
8,136,125.97
(H-2) Total General Appropriations for Municipal Purposes -
Excluded from "CAPS
32,930,983.43
31,627,003.43
(O) Total General Appropriations - Excluded from "CAPS"
38,259,916.94
36,955,936.94
(M) Reserve for Uncollected Taxes
1,134,737.01
1,134,478.18
9. Total General Appropriations
167,387,274.00
167,387,015.17
(H-1) Total General Appropriations for Municipal Purposes within "CAPS"
127,992,620.05
129,296,600.05
(A) Operations - Excluded from "CAPS"
Other Operations
7,658,409.69
6,354,429.69
Total Operations Excluded from "CAPS"
11,349,059.42
10,045,079.42
(M) Reserve for Uncollected Taxes
1,134,737.01
1,134,478.18
Total General Appropriations
167,387,274.00
167,387,105.17
BE IT FURTHER RESOLVED, that:
1. the foregoing amendments to the CY 2025 Municipal Budget were introduced and read at a meeting held
July 16, 2025; and
2. that said amendment will be published in The Bergen Record on July 17, 2025; and
3. a public hearing will be held on said amendments on July 23, 2025.