2020 Budget for Adoption on 5/14/2020

The Borough of North Arlington's 2020 municipal budget outlines the anticipated revenues and appropriations for the fiscal year. Key components include general appropriations within "CAPS" for municipal purposes, appropriations excluded from "CAPS" for items like sewerage processing, library maintenance, and debt service, and a reserve for uncollected taxes. The budget reflects an estimated municipal tax rate of $1.044 for 2020, including the library, which is a decrease from the 2019 rate of $1.074. The budget was adopted by resolution of the Governing Body on May 14, 2020 after a public hearing.