The 2017 municipal budget is $13,243,284 which represents a nominal 1.72% increase in the total general appropriations over the 2016 budget. To demonstrate its impact on tax payers, the average assessed home of $359,600 will see an increase of $4.65 per month ($55.80 for the entire year). While this is a slight increase, it is amazingly small in relation to ever increasing costs and all that we are accomplishing.
Please note that the 2017 budget only reflects the municipal portion or approximately 28% of your total tax bill. The remaining 72% +/- of your tax bill and any related increases are determined by the school district and the county.
The budget line item expenses that increased are attributable to maintenance contracts for upgraded police equipment, pension, and contractual salaries. It should be noted that all employees are contributing toward health insurance premiums in accordance with the state mandate and most other expenses remained flat or saw a slight reduction in 2017.
The Mayor and Board of Aldermen also continue to invest in the future by funding capital improvements. These include the road paving program, replacing computer equipment, purchase / maintenance of DPW, fire and police equipment, as well as improvements to municipal facilities and water infrastructure. The total anticipated improvements and equipment total (minus grant funding) is $838,800. This amount is in line with or below average across the last several years.
With projects like Avalon Bay (see above) and other developments bringing in over $700k+ in annual revenue to the Town, Boonton’s financial future looks bright. Our thanks to Terry McCue, Alderman Eoga, Alderman Price, and Alderman Wekilsky for the time taken on this budget. As well, thanks to our department heads for keeping the majority of spending at or below prior years.