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North ArlingtonGreen Risk

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Adopted Budget

BID #: N/A

ISSUED: 5/8/2025

DUE: 6/12/2025

VALUE: $30,833,347

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Executive Summary

The Borough of North Arlington is presenting its 2025 Municipal Budget. Key aspects of the budget include total general revenues of $30,833,347 and total general appropriations of the same amount. A public hearing on the budget and tax resolution will be held on June 12, 2025, at 7:00 PM at Borough Hall, providing an opportunity for taxpayers and interested parties to present objections.

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Document Text

--- Document: Adopted Budget Document ---
Docusign Envelope ID: 329B7726-1D0A-4BD9-8E66-9FF2BD736A58
General Instructions to Complete the Municipal Budget Workbook
a) This workbook shall be used for completing the Municipal Introduced and Adopted Budgets.
b) It is designed to automatically calculate amounts linked from various data entry points.
c) The individual tabs containing formulas are locked to protect the formulas.
d) Fill in only the gray sections of the worksheet.
e) Begin by navigating to the "Key Inputs" tab.
Select the Municipality and County by clicking the dropdown menu. This will populate the Municipality, County,
f) and dates throughout the workbook. Continue to complete each of the fields in order to populate throughout the
workbook. Enter the exact number of utilities and the utility types. Do not skip sets of utility pages.
g) In all applicable signature lines, insert the email address of the applicable official.
h) The completed Budget document must be saved as a Macro-Enabled Workbook.
Once approved by the Governing Body, the completed Introduced Budget must be submitted to the Division via
i) the FAST "Introduced Budget" record portal and it must be named as: <municode>_introbudget_20xx (all 4
digits municode must be included).
Once approved by the Governing Body, the completed Adopted Budget must be submitted to the Division via the
j) FAST "Adopted Budget" record portal and it must be named as: <municode>_adoptbudget_20xx (all 4 digits
municode must be included).
k) Only the Chief Financial Officer has access to the "Submit for Review" tab within the FAST portal.
m)
1) If copying data from a prior workbook, copy and use Paste Values to preserve formatting.
On the Key Inputs tab, users can select "Standard" or "Expanded" for a variety of sections to reduce the number of
unused pages throughout the document. The following sheets can be adjusted: Grant Revenues (9), Other Special
Items of Revenue (10), General Appropriations (15), Grant Appropriations (24), and Capital Budget (40b, 40c, and
40d). All sections are preset to "Standard" and should only be switched to "Expanded" if more pages are
needed.
n) Please review the additional instructions "Quick Guide for completing the Municipal Budget" link below:
https://www.nj.gov/dca/divisions/dlgs/pdf/Budget Document Instructions.pdf
**Instructions to Complete the 2024 to 2025 "Data Rollover" Process**
a) Download from FAST or have saved on your computer the 2024 adopted budget workbook.
Docusign Envelope ID: 32987726-1D0A-4BD9-8E66-9FF2BD736A58
b) On the 2025 budget, navigate to the "Key Inputs" tab.
**IMPORTANT: Macros must be enabled in excel in order for the data rollover process to run successfully.**
c) On "Key Inputs", there will be two "data migration" buttons; one for current fund and one for utilities.
d) First, click the button for current fund. It will prompt you to select your 2024 adopted excel budget from your computer.
Once the 2024 adopted budget is selected, the function runs automatically. WARNING: The functionality may cause the screen to
e) briefly flash rapidly.
f) Once all current fund data has been copied, follow the same process for the utilities, if applicable. The utility process is the same
as the current fund process.
g) Once complete, review the 2025 template to ensure information has successfully copied from the 2024 adopted budget.
PLEASE NOTE:
If an incorrect version of the budget template was used in 2024, the budget data may not migrate properly to the 2025 budget
template.
Docusign Envelope ID: 32987726-1D0A-4BD9-8E66-9FF2BD736A58
Information Required for
Municipal Budget Document:
Name and County of Municipality
Full Name of Municipality
County of Municipality
Name of Municipality
Type
Governing Body Type
Location
Address
Address
Phone
Fax
Clerk
Tax Collector
Chief Financial Officer
Registered Municipal Accountant
Municipal Attorney
Newspaper
Municipal Budget Version 2025.0
Responses and Data
North Arlington Borough, Bergen County
BOROUGH OF NORTH ARLINGTON
BERGEN
NORTH ARLINGTON
BOROUGH
COUNCIL MEMBERS
Borough Hall
214 Ridge Road
North Arlington, NJ 07031
201-991-6060
201-991-0140
Kathleen Moore
Vibha Desai
Steve Sanzari
Paul J. Lerch
Cert #
C-1821
T-1503
546
457
Randy Pearce
The Record
Day
Month
Date of Introduction
Date of Advertisement
8
May
15
May
Date of Public Hearing
12
June
Time of Public Hearing
7:00
Net Valuation Taxable Current
Net Valuation Taxable Prior
2,611,875,300
2,464,136,730
147,738,570
Budget Year
2025
Budget Year Type:
Calendar Year
Municipal Code
0239
How many utilities does municipality have?*
0
Utility #
Utility Type
*Select "0" if you do not have any utilities.
Capital Impr
# of Years
Beginning Year
Ending Year
Utility 1
Utility 2
Utility 3
Utility 4
Utility 5
Utility 6
Utility Assessment (Tab 37)
Utility Assessment (Tab 38)
Page Count - Standard or Expanded:
Grant Revenues (Sheet 9)
Standard
Start with "Standard" and move to "Expa
"Standard" will provide two (2) sheets for Grant Re
Other Special Item Revenues (Sheet 10)
Standard
"Standard" will provide two (2) sheets for Other Sp
General Appropriations (Sheet 15)
Standard
"Standard" will provide nine (9) sheets for General
Grant Appropriations (Sheet 24)
Standard
"Standard" will provide three (3) sheets for Grant /
Capital Improvements (Sheets 40b, 40c, 40d)
Standard
"Standard" will provide three (3) sheets per sectior
Hide/Unhide "Summary" Tabs:
Summary Data, Budget Summary, Tax Summary
Unhidden
Docusign Envelope ID: 32987726-1D0A-4BD9-8E66-9FF2BD736A58
Date of Original Appt.
3/13/2014
Calendar or State Fiscal
ovement Program
nded" only as needed.
venues.
ecial Items of Revenue.
Appropriations.
Appropriations.
7.
6
2025
2030
Docusign Envelope ID: 32987726-1D0A-4BD9-8E66-9FF2BD736A58
2025 Municipal Budget
of the
BOROUGH
BERGEN
of ORTH ARLINGTON County of
for the fiscal year 2025.
Revenue and Appropriations Summaries
Summary of Revenues
1. Surplus
2. Total Miscellaneous Revenues
3. Receipts from Delinquent Taxes
4. a) Local Tax for Municipal Purposes
b) Addition to Local School District Tax
c) Minimum Library Tax
Tot Amt to be Rsd by Taxes for Sup of Muni Bnd
Total General Revenues
Summary of Appropriations
1. Operating Expenses:
Salaries & Wages
Other Expenses
2. Deferred Charges & Other Appropriations
3. Capital Improvements
4. Debt Service (Include for School Purposes)
5. Reserve for Uncollected Taxes
Total General Appropriations
Total Number of Employees
Anticipated
2025
2024
4,300,000.00
4,277,766.00
5,713,002.00
5,578,440.00
500,000.00
400,000.00
19,416,816.00
19,056,974.00
903,529.00
877,533.00
20,320,345.00
19,934,507.00
30,833,347.00
30,190,713.00
2025 Budget
Final 2024 Budget
10,522,736.00
10,220,048.00
12,316,549.00
12,020,332.00
2,543,152.00
2,186,992.00
290,000.00
500,000.00
3,685,910.00
3,838,341.00
1,475,000.00
1,425,000.00
30,833,347.00
30,190,713.00
Docusign Envelope ID: 32987726-1D0A-4BD9-8E66-9FF2BD736A58
Interest-2025
Principal-2025
Outstanding Balance
Balance of Outstanding Debt
Bonds
Notes
Loans
92,560.00
1,880,000.00
3,114,000.00
361,350.00
1,352,000.00
8,030,000.00
Docusign Envelope ID: 32987726-1D0A-4BD9-8E66-9FF2BD736A58
1
COMPUTATION OF APPROPRIATION:
RESERVE FOR UNCOLLECTED TAXES AND
AMOUNT TO BE RAISED BY TAXATION
IN 2025 MUNICIPAL BUDGET
YEAR 2025
YEAR 2024
Total General Appropriations for 2025 Municipal Budget Statement Item
8(L) (Exclusive of Reserve for Uncollected Taxes)
2 Local District School Tax
3 Regional School District Tax
4 Regional High School Tax
5 County Tax
Actual
Estimate
Actual
Estimate
Actual
Estimate
Actual
29,358,347.00
XXXXXXXXXXX
30,884,196.00
31,810,721.88
XXXXXXXXXXX
XXXXXXXXXXX
XXXXXXXXXXX
XXXXXXXXXXX
5,948,640.00
6,127,099.20
XXXXXXXXXXX
6 Special District Tax
7 Municipal Open Space
8 Municipal Arts and Culture
9 Total General Appropriations & Other Taxes
10 Less: Total Anticipated Revenues from 2025 in
Municipal Budget (Item 5)
11 Cash Required from 2025 to Support Local
Municipal Budget and Other Taxes
12 Amount of Item 11 divided by
Actual
Estimate
Actual
Estimate
Actual
Estimate
97.46%
equals Amount to be Raised by Taxation (Percentage used must not
exceed the applicable percentage shown by Item 13, Sheet 22)
Analysis of Item 12:
Local School District Tax (Line 2 Above)
Regional School District Tax (Line 3 Above)
Regional High School Tax (Line 4 Above)
County Tax (Line 5 Above)
Special District Tax (Line 6 Above)
Municipal Open Space Tax (Line 7 Above)
Municipal Arts and Culture Tax (Line 8 Above)
Tax in Local Municipal Budget
Total Amount (Line 12)
Appropriation: Reserve for Uncollected Taxes (Budget
13
Statement, Item 8(M) (Item 12, Less Item 11)
XXXXXXXXXXX
XXXXXXXXXXX
XXXXXXXXXXX
67,296,168.08
10,513,002.00
56,783,166.08
58,258,166.08
31,810,721.88
6,127,099.20
20,320,345.00
58,258,166.08
1,475,000.00
Computation of "Tax in Local Municipal Budget"
Item 1 Total General Appropriations
29,358,347.00
Item 13-Appropriation: Reserve for Uncollected Taxes
1,475,000.00
Subtotal
30,833,347.00
Less: Item 10 - Total Anticipated Revenues
10,513,002.00
Amount to Be Raised by Taxation in Municipal Budget
20,320,345.00
Local Tax for Municipal Purpose
19,416,816.00
Addition to Local District School Tax
Minimum Library Tax
903,529.00
Docusign Envelope ID: 32987726-1D0A-4BD9-8E66-9FF2BD736A58
Docusign Envelope ID: 32987726-1D0A-4BD9-8E66-9FF2BD736A58
COMPARISON OF REVENUES & APPROPRIATIONS
REVENUES
Surplus
Local
State Aid
State & Federal Grants
Delinquent Tax
Local Purpose Tax
Minimum Library Tax
School Tax (Debt Service)
Arts and Cultural Tax
TOTAL REVENUE
APPROPRIATIONS
BUDGET
YEAR
PRIOR
YEAR
LOCAL TAX LEVY AND ASSESSED VALUES
CHANGE
%
BUDGET
YEAR
PRIOR
YEAR
CHANGE
%
#DIV/0!
Local Purpose Tax Levy (only)
19,416,816.00
19,056,974.00
359,842.00 1.89%
#DIV/0!
#DIV/0!
Local Tax Rate
0.7434
0.0000
0.7434 #DIV/0!
#DIV/0!
#DIV/0!
Assessed Valuation
2,611,875,300
2,464,136,730
147,738,570
6.00%
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
Salaries & Wages
STATUS OF "CAPS"
SPENDING CAP
2% LEVY CAP
CAP
CAP
#DIV/0!
2.50%
COLA
Other Expenses
#DIV/0!
Statutory & Deferred Charges
#DIV/0!
CAP Base from Prior Year
21,761,463.00
21,761,463.00
19,896,095.56 MAX
19,416,816.00 ACTUAL
(479,279.56) + OR ()
State & Federal Grants
#DIV/0!
Rate Applied
2.50%
3.50%
Capital (without grants)
#DIV/0!
Allowable CAP
22,305,499.58
22,523,114.21
Must be zero or () to
Introduce Budget
Debt Service
#DIV/0!
Additions:
School Debt Service
#DIV/0!
See Sheet 3b
12,967.08
12,967.08
Reserve for Uncollected Taxes
1,475,000.00
1,425,000.00
50,000.00 3.51%
Other
TOTAL APPROPRIATIONS
1,475,000.00
1,425,000.00
50,000.00 0.035088
Total CAP Allowable
22,318,466.65
22,536,081.28
Adopted Emergencies
1,425,000.00
Budget Expenditures Sheet 19
22,305,505.00
22,305,505.00
Remaining or (Excess)
12,961.65
230,576.28
CONDITION OF SURPLUS
% OF TAX COLLECTION
BUDGET
YEAR
PRIOR
YEAR
CHANGE
Actual Percentage of Collection
CURRENT
PRIOR
CHANGE
Available
7,248,685.00
7,994,229.00
(745,544.00)
Used for Reserve for Taxes
97.46%
-97.46%
Remaining
0.00%
0.00%
Used to Fund Budget
4,300,000.00
4,277,766.00
22,234.00
Remaining Balance
2,948,685.00
3,716,463.00
(767,778.00)
Docusign Envelope ID: 32987726-1D0A-4BD9-8E66-9FF2BD736A58
Docusign Envelope ID: 32987726-1D0A-4BD9-8E66-9FF2BD736A58
Daniel H. Pronti
Mayor's Name
2025 MUNICIPAL DATA SHEET
(MUST ACCOMPANY 2025 BUDGET)
MUNICIPALITY: BOROUGH OF NORTH ARLINGTON
December 31, 2026
Term Expires
CAP
COUNTY:
BERGEN
Governing Body Members
Name
Term Expires
Mario Karcic - Council President
12/31/2026
Kirk Del Russo - Council Vice President
12/31/2025
Donna Bocchino
12/31/2026
T-1503
Lynette Cavadas
12/31/2025
Cert. No.
546
Brian Fitzhenry
12/31/2027
Allison Sheedy
12/31/2027
Municipal Officials
Kathleen Moore
Municipal Clerk
Vibha Desai
Tax Collector
Steve Sanzari
Chief Financial Officer
Paul J. Lerch
Registered Municipal Accountant
Randy Pearce
Municipal Attorney
3/13/2014
Date of Orig. Appt.
C-1821
Cert. No.
Cert. No.
457
Lic. No.
Official Mailing Address of Municipality
Borough Hall
214 Ridge Road
North Arlington, NJ 07031
Fax #: 201-991-0140
Sheet A
Docusign Envelope ID: 32987726-1D0A-4BD9-8E66-9FF2BD736A58
2025
Municipal Budget of the
BOROUGH
of
MUNICIPAL BUDGET
NORTH ARLINGTON
, County of
BERGEN
for the Fiscal Year 2025.
It is hereby certified that the Budget and Capital Budget annexed hereto and hereby made a part
hereof is a true copy of the Budget and Capital Budget approved by resolution of the Governing Body on the
8
day of
2025
May
Kathleen Moore
Clerk
and that public advertisement will be made in accordance with the provisions of N.J.S.A. 40A:4-6 and
N.J.A.C. 5:30-4.4(d).
Certified by me, this
214 Ridge Road
Address
North Arlington, NJ 07031
Address
201-991-6060
8
day of
May
, 2025
Phone Number
It is hereby certified that the approved Budget annexed hereto and hereby made
a part is an exact copy of the original on file with the Clerk of the Governing Body, that all
additions are correct, all statements contained herein are in proof, and the total of anticipated
revenues equals the total of appropriations.
It is hereby certified that the approved Budget annexed hereto and hereby made
a part is an exact copy of the original on file with the Clerk of the Governing Body, that all
additions are correct, all statements contained herein are in proof, the total of anticipated
revenues equals the total of appropriations and the budget is in full compliance with the
Local Budget Law, N.J.S.A. 40A:4-1 et seq.
Certified by me, this
8
day of
May
Paul J. Lerch
Registered Municipal Accountant
17-17 Route 208 N
Address
, 2025
Fair Lawn, NJ 07410
Address
201-791-7100
Certified by me, this
Phone Number
DO NOT USE THESE SPACES
CERTIFICATION OF ADOPTED BUDGET
(Do not advertise this Certification form)
It is hereby certified that the amounts to be raised by taxation for local purposes has been
compared with the approved Budget previously certified by me and any changes required as a
condition to such approval have been made. The adopted budget is certified with respect to the
foregoing only.
8
day of
May
, 2025
Stephen Sanzari
Chief Financial Officer
STATE OF NEW JERSEY
Department of Community Affairs
Director of the Division of Local Government Services
Dated:
2025
By:
Sheet 1
Docusign Envelope ID: 32987726-1D0A-4BD9-8E66-9FF2BD736A58
MUNICIPAL BUDGET NOTICE
Section 1.
Municipal Budget of the
BOROUGH
of
NORTH ARLINGTON
County of
BERGEN
for the Fiscal Year 2025
Be it Resolved, that the following statements of revenues and appropriations shall constitute the Municipal Budget for the year 2025;
Be it Further Resolved, that said Budget be published in the
The Record
in the issue of
May 15
, 2025
The Governing Body of the
BOROUGH
of
NORTH ARLINGTON
RECORDED VOTE
(Insert Last Name)
Fitzhenry
Cavadas
Karcic
Ayes Sheedy
Nays
Del Russo
Bocchino
does hereby approve the following as the Budget for the year 2025:
Notice is hereby given that the Budget and Tax Resolution was approved by the
COUNCIL MEMBERS
of
NORTH ARLINGTON
County of
BERGEN
, on
May
8
of the
2025.
A Hearing on the Budget and Tax Resolution will be held at
Borough Hall
, on
June
7:00 o'clock P.M. at which time and place objections to said Budget and Tax Resolution for the year 2025 may be presented by taxpayers or other
interested persons.
Abstained
Absent
BOROUGH
12
2025 at
Sheet 2
Docusign Envelope ID: 32987726-1D0A-4BD9-8E66-9FF2BD736A58
EXPLANATORY STATEMENT
SUMMARY OF CURRENT FUND SECTION OF APPROVED BUDGET
General Appropriations For: (Reference to item and sheet number should be omitted in advertised budget)
1. Appropriations within "CAPS" -
(a) Municipal Purposes {(Item H-1, Sheet 19) (N.J.S.A. 40A:4-45.2)}
2. Appropriations excluded from "CAPS" -
(a) Municipal Purposes {(Item H-2, Sheet 28) (N.J.S.A. 40A:4-53.3 as amended)}
(b) Local District School Purposes in Municipal Budget (Item K, Sheet 29)
YEAR 2025
XXXXXXXXXXXX
XXXXXXXXXXXX
22,305,505.00
XXXXXXXXXXXX
7,052,842.00
Total General Appropriations excluded from "CAPS" (Item O, Sheet 29)
3. Reserve for Uncollected Taxes (Item M, Sheet 29) Based on Estimated
97.46%
Percent of Tax Collections
Building Aid Allowance
2025-$
for Schools-State Aid
2024 - $
4. Total General Appropriations (Item 9, Sheet 29)
5. Less: Anticipated Revenues Other Than Current Property Tax (Item 5, Sheet 11) (i.e. Surplus, Miscellaneous Revenues and Receipts from Delinquent Taxes)
6. Difference: Amount to be Raised by Taxes for Support of Municipal Budget (as follows)
(a) Local Tax for Municipal Purposes Including Reserve for Uncollected Taxes (Item 6(a), Sheet 11)
(b) Addition to Local District School Tax (Item 6(b), Sheet 11)
(c) Minimum Library Tax
Sheet 3
7,052,842.00
1,475,000.00
30,833,347.00
10,513,002.00
XXXXXXXXXXXX
19,416,816.00
903,529.00
Docusign Envelope ID: 32987726-1D0A-4BD9-8E66-9FF2BD736A58
EXPLANATORY STATEMENT (Continued)
SUMMARY OF 2024 APPROPRIATIONS EXPENDED AND CANCELED
General
Budget
Utility
Utility
Utility
Utility
Utility
Utility
Budget Appropriations Adopted Budget
30,190,713.00
Budget Appropriations Added by N.J.S.A. 40A:4-87
Emergency Appropriations
49,500.00
Total Appropriations
30,240,213.00
Expenditures:
Paid or Charged (Including Reserve for
Uncollected Taxes)
27,530,326.00
Reserved
2,708,469.00
Unexpended Balances Canceled
1,418.00
Total Expenditures and Unexpended
Balances Canceled
30,240,213.00
Overexpenditures *
Sheet 3a
Docusign Envelope ID: 32987726-1D0A-4BD9-8E66-9FF2BD736A58
EXPLANATORY STATEMENT (Continued)
BUDGET MESSAGE
CAP CALCULATION
Total General Appropriations for 2024
Cap Base Adjustment:
Subtotal
Exceptions Less:
Total Other Operations
30,190,713.00
175,341.00
30,366,054.00
Total Uniform Construction Code
2,559,748.00
CAP CALCULATION
Allowable Operating Appropriations before
Additional Exceptions per (N.J.S.A. 40A:4-45.3)
22,305,499.58
Additions:
New Construction (Assessor Certification)
12,967.08
2023 Cap Bank Available
2024 Cap Bank Available
Total Interlocal Service Agreement
Total Additional Appropriations
Total Capital Improvements
500,000.00
Total Debt Service
3,838,341.00
Transferred to Board of Education
Total Additions
Type I School Debt
12,967.08
Total Public & Private Programs
104,502.00
Maximum Appropriations within "CAPS" Sheet 19 @
2.5%
22,318,466.65
Judgements
Total Deferred Charges
Additional Increase to COLA rate.
3.5%
Cash Deficit
Amount of Increase allowable.
1.0%
217,614.63
Reserve for Uncollected Taxes
1,425,000.00
Total Exceptions
8,604,591.00
Amount on Which CAP is Applied
21,761,463.00
2.5% CAP
544,036.58
Maximum Appropriations within "CAPS" Sheet 19 @
3.5%
22,536,081.28
Allowable Operating Appropriations before
Additional Exceptions per (N.J.S.A. 40A:4-45.3)
22,305,499.58
Total General Appropriations for Municipal Purposes
(Sheet 19, H-1)
22,305,505.00
NOTE:
Sheet 3b
Over or (Under) Appropriations Cap
MANDATORY MINIMUM BUDGET MESSAGE MUST INCLUDE A SUMMARY OF:
1. HOW THE "CAP" WAS CALCULATED. (Explain in words what the "CAPS" mean and show the figures.)
2. A SUMMARY BY FUNCTION OF THE APPROPRIATIONS THAT ARE SPREAD AMONG MORE THAN ONE OFFICIAL LINE ITEM
(e.g. if Police S & W appears in the regular section and also under "Operation Excluded from "CAPS" section, combine the
figures for purposes of citizen understanding.)
(230,576.28
Docusign Envelope ID: 32987726-1D0A-4BD9-8E66-9FF2BD736A58
EXPLANATORY STATEMENT - (Continued)
BUDGET MESSAGE
RECAP OF GROUP INSURANCE APPROPRIATION
To the Residents of the Borough of North Arlington:
Following is a recap of the Municipality's Employee Group Insurance
Estimated Group Insurance Costs - 2025
$ 3,854,000.00
The 2025 Budget submitted herewith reflects the amount necessary for the support of
the Municipal Operations.
Estimated Amounts to be Contributed by Employees:
Comparison of Tax Rates
Contribution from all eligible emp.
564,000.00
3,290,000.00
Budgeted Group Insurance - Inside CAP
Budgeted Group Insurance - Utilities
3,123,520.00
Budgeted Group Insurance - Outside CAP
TOTAL
166,480.00
3,290,000.00
At this time the Governing Body is unable to project with any accuracy the overall tax
rate for the community. County and School tax requirements have not yet been finalized.
The Mayor and Council have only the authority to approve the "Local Municipal
Budget". The municipal tax rate including the Library for 2024 was $0.808. The
municipal budget submitted herewith reflects an estimated tax rate of $0.778 for 2025
including the Library.
26 employees
Instead of receiving Health Benefits,
have elected an opt-out for 2025. This opt-out amount
is budgeted separately.
Health Benefits Waiver
Salaries and Wages
Estimated Actual
2025
2024
Municipal Municipal
Tax
Tax
Rate
Rate
Change YoY
Municipal
Including Library
0.778
0.808
-0.03
$
72,000.00
2025
2024
Average Home
Assessment
$512,000 $471,000
2025
Average Home
Municipal Tax Bill
Increase
$177
Sheet 3b (2)
Docusign Envelope ID: 32987726-1D0A-4BD9-8E66-9FF2BD736A58
EXPLANATORY STATEMENT - (Continued)
BUDGET MESSAGE
NEW JERSEY 2010 LOCAL UNIT LEVY CAP LAW
ADJUSTED TAX LEVY PRIOR TO EXCLUSIONS
19,438,113.48
Exclusions:
P.L. 2007, c. 62, was amended by P.L. 2008 c. 6 and P.L. 2010 c. 44 (S-29 R1).
The last amendment reduces the 4% to 2% and modifies some of the exceptions and
exclusions. It also removes the LFB waiver. The voter referendum now requires a vote in
excess of only 50% which is reduced from the original 60% in P.L. 2007, c. 62.
Allowable Shared Service Agreements Increase
Allowable Health Insurance Costs Increase
Allowable Pension Obligations Increases
Allowable LOSAP Increase
Allowable Capital Improvements Increase
225,740.00
220,693.00
Allowable Debt Service and Capital Leases Inc.
Recycling Tax appropriation
Deferred Charge to Future Taxation Unfunded
446,433.00
Current Year Deferred Charges: Emergencies
Add Total Exclusions
SUMMARY LEVY CAP CALCULATION
LEVY CAP CALCULATION
Prior Year Amount to be Raised by Taxation
1,418.00
Less Cancelled or Unexpended Waivers
Less Cancelled or Unexpended Exclusions
19,056,974.00
19,883,128.18
ADJUSTED TAX LEVY
Additions:
Less:
New Ratables - Increase for new corrdruction
1,677,500
Less: Prior Year Deferred Charges to Future Taxation Unfunded
0.773
Prior Year's Local Purpose Tax Rate (per $100)
New Ratable Adjustment to Levy
Less: Prior Year Deferred Charges: Emergencies
Amounts approved by Referendum
Less: Prior Year Recycling Tax
Levy CAP Bank Applied
12,967.08
Less:
Less:
Net Prior Year Tax Levy for Municipal Purpose Tax for CAP Calculation
MAXIMUM ALLOWABLE AMOUNT TO BE RAISED BY TAXATION
19,896,095.56
AMOUNT TO BE RAI