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2025 Introduced Budget

BID #: N/A

ISSUED: 4/21/2025

DUE: 5/19/2025

VALUE: TBD

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Executive Summary

The document is the 2025 introduced budget for the Borough of Stockton, Hunterdon County, New Jersey. It includes details on the municipal data sheet, governing body members, municipal officials, and certifications related to the budget approval. The budget outlines anticipated revenues and appropriations for the fiscal year, including calculations for the levy cap and summaries of appropriations and expenditures from the prior year. The document certifies that a hearing on the Budget and Tax Resolution will be held on May 19, 2025 at 7:00 PM, where taxpayers and interested persons can present objections.

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Document Text

--- Document: 2025 Introduced Budget Document ---
AARON LIPSEN
Mayor's Name
2025 MUNICIPAL DATA SHEET
(MUST ACCOMPANY 2025 BUDGET)
MUNICIPALITY:
BOROUGH OF STOCKTON
December 31, 2026
Term Expires
CAP
COUNTY:
HUNTERDON
Governing Body Members
Name
Term Expires
12/31/2027
12/31/2025
12/31/2025
12/31/2027
12/31/2027
KATE MELTZER
12/31/2027
Municipal Officials
11/20/2023
Date of Orig. Appt.
C-1201
Cert. No.
T-8502
Cert. No.
LAURIE COURTER
Municipal Clerk
DIANE SORIERO MCDANIEL
Tax Collector
DIANE SORIERO MCDANIEL
Chief Financial Officer
ROBERT W. SWISHER
Registered Municipal Accountant
MASON, GRIFFIN & PIERSON, P.C.
Municipal Attorney
N-1535
Cert. No.
439
Lic. No.
WILLIAM BROWN
PETER FOLZ
THOMAS HUNT
MICHAEL MANN
MATT FISHER
Official Mailing Address of Municipality
BOROUGH OF STOCKTON
MAIN STREET, PO BOX M
STOCKTON, NJ 08559
Fax #:
6093974067
Sheet A
Municipal Budget of the
BOROUGH
of
2025
MUNICIPAL BUDGET
STOCKTON
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
21
day of
April
2025
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
21
day of
April
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.
Certified by me, this
21
day of
Robert Swisher
Registered Municipal Accountant
308 East Broad St, Westfield, NJ 07090
Address
April
2025
Suplee, Clooney & Company LLC
Address
1908 789-9300
Phone Number
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.
STATE OF NEW JERSEY
Department of Community Affairs
Director of the Division of Local Government Services
Dated:
2025
By:
2025
, County of
HUNTERDON
for the Fiscal Year 2025.
CLERK@STOCKTONBORONJ.US
Clerk
MAIN STREET, PO BOX M
Address
STOCKTON, NJ 08559
Address
6093970070
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, 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
21
day of
April
2025
DO NOT USE THESE SPACES
Sheet 1
STOCKTONCFO@GMAIL.COM
Chief Financial Officer
MUNICIPAL BUDGET NOTICE
Section 1.
Municipal Budget of the
BOROUGH
of
STOCKTON
, County of
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
Trenton Times
in the issue of
2025
The Governing Body of the
BOROUGH
of
STOCKTON
RECORDED VOTE
(Insert Last Name)
Brown
Fisher
Foltz
Hunt
Ayes Mann
Meltzer
Nays
HUNTERDON
for the Fiscal Year 2025
does hereby approve the following as the Budget for the year 2025:
Abstained
of
Notice is hereby given that the Budget and Tax Resolution was approved by the
COUNCIL MEMBERS
on
April
21
of the
2025.
May
HUNTERDON
STOCKTON
County of
BOROUGH OF STOCKTON
A Hearing on the Budget and Tax Resolution will be held at
at which time and place objections to said Budget and Tax Resolution for the year 2025 may be presented by taxpayers or other
7:00 PM o'clock
interested persons.
, on
Sheet 2
Absent
BOROUGH
19
2025 at
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)
Total General Appropriations excluded from "CAPS" (Item O, Sheet 29)
3. Reserve for Uncollected Taxes (Item M, Sheet 29) Based on Estimated
4. Total General Appropriations (Item 9, Sheet 29)
94.02%
Percent of Tax Collections
Building Aid Allowance
2025-$
for Schools-State Aid
2024 - $
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
YEAR 2025
XXXXXXXXXXXX
XXXXXXXXXXXX
573,609.40
XXXXXXXXXXXX
379,826.82
379,826.82
135,000.00
1,088,436.22
526,955.55
XXXXXXXXXXXX
561,480.67
Sheet 3
EXPLANATORY STATEMENT - (Continued)
SUMMARY OF 2024 APPROPRIATIONS EXPENDED AND CANCELED
General
Water/ Sewer
Budget
Utility
Utility
Budget Appropriations Adopted Budget
1,009,444.32
526,390.78
Utility
526,390.78
Utility
Utility
Utility
Budget Appropriations Added by N.J.S.A. 40A:4-87
Emergency Appropriations
Total Appropriations
1,009,444.32
526,390.78
526,390.78
Expenditures:
Paid or Charged (Including Reserve for
Uncollected Taxes)
827,064.35
473,186.11
473,186.11
Reserved
174,427.71
51,381.23
51,381.23
Unexpended Balances Canceled
7.952.26
1,823.44
1,823.44
Total Expenditures and Unexpended
Balances Canceled
1,009,444.32
526,390.78
526,390.78
Overexpenditures *
Sheet 3a
EXPLANATORY STATEMENT - (Continued)
BUDGET MESSAGE
CAP CALCULATION
CAP CALCULATION
Subtotal
Total General Appropriations for 2024
Cap Base Adjustment:
Exceptions Less:
1,009,444.32
4,776.00
Allowable Operating Appropriations before
Additional Exceptions per (N.J.S.A. 40A:4-45.3)
588,258.78
1,014,220.32
Additions:
Total Other Operations
9,776,00
Total Uniform Construction Code
Total Interlocal Service Agreement
47,827.00
New Construction (Assessor Certification)
2023 Cap Bank Available
2024 Cap Bank Available
1,240.68
1,118.66
Total Additional Appropriations
Total Capital Improvements
43.000.00
Total Debt Service
119,675.00
Transferred to Board of Education
Total Additions
2,359.34
Type I School Debt
Total Public & Private Programs
74,031.32
Maximum Appropriations within "CAPS" Sheet 19 @
2.5%
590,618.11
Judgements
Total Deferred Charges
11,000.00
Cash Deficit
Additional Increase to COLA rate.
3.5%
Reserve for Uncollected Taxes
135,000.00
Amount of Increase allowable.
1.0%
5,739.11
Total Exceptions
440,309.32
Amount on Which CAP is Applied
573,911.00
2.5% CAP
14,347.78
Allowable Operating Appropriations before
Additional Exceptions per (N.J.S.A. 40A:4-45.3)
588,258.78
Maximum Appropriations within "CAPS" Sheet 19 @
Total General Appropriations for Municipal Purposes
(Sheet 19, H-1)
Over or (Under) Appropriations Cap
3.5%
596,357.22
573,609.40
(22,747.82)
Sheet 3b
NOTE:
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.)
RECAP OF GROUP INSURANCE APPROPRIATION
Following is a recap of the Municipality's Employee Group Insurance
Estimated Group Insurance Costs - 2025
Estimated Amounts to be Contributed by Employees:
Contribution from all eligible emp.
Budgeted Group Insurance - Inside CAP
Budgeted Group Insurance - Utilities
Budgeted Group Insurance - Outside CAP
TOTAL
Instead of receiving Health Benefits,
employees
have elected an opt-out for 2025. This opt-out amount
is budgeted separately.
Health Benefits Waiver
Salaries and Wages
EXPLANATORY STATEMENT (Continued)
BUDGET MESSAGE
Sheet 3b (2)
EXPLANATORY STATEMENT (Continued)
BUDGET MESSAGE
NEW JERSEY 2010 LOCAL UNIT LEVY CAP LAW
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, с. 62.
SUMMARY LEVY CAP CALCULATION
ADJUSTED TAX LEVY PRIOR TO EXCLUSIONS
LEVY CAP CALCULATION
Prior Year Amount to be Raised by Taxation
Less:
Less: Prior Year Deferred Charges to Future Taxation Unfunded
Less: Prior Year Deferred Charges: Emergencies
Less: Prior Year Recycling Tax
Less:
Less:
Net Prior Year Tax Levy for Municipal Purpose Tax for CAP Calculation
Plus 2% CAP Increase
ADJUSTED TAX LEVY
ADJUSTED TAX LEVY PRIOR TO EXCLUSIONS
Plus: Assumption of Service/Function
549,589.11
ADJUSTED TAX LEVY PRIOR TO EXCLUSIONS
Exclusions:
Allowable Shared Service Agreements Increase
Allowable Health Insurance Costs Increase
Allowable Pension Obligations Increases
Allowable LOSAP Increase
Allowable Capital Improvements Increase
47,000.00
Allowable Debt Service and Capital Leases Inc.
31,723.00
Recycling Tax appropriation
Deferred Charge to Future Taxation Unfunded
Current Year Deferred Charges: Emergencies
Add Total Exclusions
78,723.00
Less Cancelled or Unexpended Waivers
Less Cancelled or Unexpended Exclusions
7,952.00
631,351.89
ADJUSTED TAX LEVY
Additions:
New Ratables - Increase for new construction
Prior Year's Local Purpose Tax Rate (per $100)
New Ratable Adjustment to Levy
Amounts approved by Referendum
Levy CAP Bank Applied
560,580.89
262,300
0.473
1,240.68
MAXIMUM ALLOWABLE AMOUNT TO BE RAISED BY TAXATION
632,592.57
549,589.11
AMOUNT TO BE RAISED BY TAXATION FOR MUNICIPAL PURPOSES
561,480.67
10,991.78
560,580.89
OVER OR (UNDER) 2% LEVY CAP
(71,111.90)
(must be equal or under for Introduction)
560,580.89
Sheet 3 Levy CAP
EXPLANATORY STATEMENT - (Continued)
BUDGET MESSAGE
"2010" LEVY CAP BANKS:
2022
Maximum Allowable Amount to be Raised by Taxation
Amount to be Raised by Taxation for Municipal Purpose
Available for Banking (CY 2025)
Amount Used in CY 2025
Balance to Expire
1
2023
Maximum Allowable Amount to be Raised by Taxation
Amount to be Raised by Taxation for Municipal Purpose
Available for Banking (CY 2025 - CY 2026)
Amount Used in CY 2025
Balance to Carry Forward (CY 2026)
2024
Maximum Allowable Amount to be Raised by Taxation
552,080
Amount to be Raised by Taxation for Municipal Purpose
549,589
Available for Banking (CY 2025 - CY 2027)
2,491
Amount Used in CY 2025
Balance to Carry Forward (CY 2026 - CY2027)
2,491
2025
Maximum Allowable Amount to be Raised by Taxation
Amount to be Raised by Taxation for Municipal Purpose
Available for Banking (CY 2026 - CY 2028)
632,593
561,481
71,112
Total Levy CAP Bank
73,603
Sheet 3d
CURRENT FUND - ANTICIPATED REVENUES
GENERAL REVENUES
Anticipated
FCOA
2025
2024
Realized in
Cash in 2024
1. Surplus Anticipated
08-101
149,400.00
152,625.00
152,625.00
2. Surplus Anticipated with Prior Written Consent of Director of Local Government Services
08-102
Total Surplus Anticipated
08-100
149,400.00
152,625.00
152,625.00
Licenses:
3. Miscellaneous Revenues Section A: Local Revenues
Alcoholic Beverages
XXXXXXX XXXXXXXXXXX
XXXXXXXXXXX
XXXXXXXXXXX
XXXXXXX
XXXXXXXXXXX
XXXXXXXXXXX
XXXXXXXXXXX
08-103
3,824.00
3,824.00
3,824.00
Other
08-104
Fees and Permits
Fines and Costs:
Municipal Court
Other
Interest and Costs on Taxes
Interest and Costs on Assessments
Parking Meters
Interest on Investments and Deposits
Anticipated Utility Operating Surplus
08-105
3,135.00
2,461.00
3,135.00
XXXXXXX XXXXXXXXXXX
XXXXXXXXXXX
XXXXXXXXXXX
08-110
08-109
08-112
4.117.00
5.302.98
4,117.59
08-115
08-111
08-113
80,000.00
26.314.69
86,311.18
08-114
Sheet 4
CURRENT FUND
-
ANTICI