News Flash

Boonton News

Posted on: March 20, 2018

2018 - Lowest Budget Increase in 10+ Years

Budget

The Mayor and Board of Aldermen introduced the 2018 Municipal Budget on Monday March, 19th, 2018.  The Mayor and Finance Committee, along with the Town Administrator and CFO worked diligently to limit budget growth to comply with the Governor’s 2% Tax Levy CAP and introduce the budget on time and within best practices. It should be noted that this has been accomplished without personnel layoffs or furloughs. Positions that were occupied by retiring personnel will be replaced by lower paid employees, part time employees and/or new professional services agreements. Another accomplishment of the 2018 budget is that current services have not been reduced.


The 2018 Budget is $13,387,846. This amount represents a $139,564 increase over the 2017 Budget or a 1.05% increase in total general appropriations.   This 1.05% increase in general appropriations is the lowest increase in more than a decade! 

 

This equates to a monthly increase of $1.06 for every $100,000 of assessed value on your property. The average assessed home of $360,084 will pay a total of $51.27 more than last year or $4.27 per month. Please note that the 2018 Budget reflects the municipal portion of the total tax rate which is estimated to represent 28% of the total tax bill. The remaining portion of the tax bill is determined by the school district and the county.


Savings in the 2018 budget are attributable to the elimination of a full-time tax collector, the new shared court agreement with Parsippany-Troy Hills Township, a reduction of employee health care benefits, and the retirement of additional senior town employees.


The Mayor and Board of Aldermen continue to invest in the future by proposed capital improvements with a focus on increased operational efficiencies while providing taxpayers with high level customer service.  These include the addition of one police officer, a part-time property code maintenance officer, the consolidation of many outdated software to a new municipal management software bringing all departments together on one platform, and a new automated employee time tracking system.  Other projects being funded are road paving, a new fire truck, a sidewalk replacement, Town Hall renovations and the implementation of traffic speed tables. The net amount of anticipated improvements and equipment is $1,527,097 which includes grants, cash down payments, an Avalon Bay contribution and outstanding open capital ordinances.


Boonton’s high quality of services continue including police protection, road maintenance, brining, sanding, salting and plowing, street sweeping, leaf collection, curbside garbage and recycling collection, street lighting, recreation programs, crossing guards and the public library, to name a few.


The Mayor and Board of Aldermen continue their efforts to control the increase in expenditures through grant seeking, competitive bidding and procurement and the continued stream lining of contractual agreements and town-wide staffing.


Public hearing and adoption are scheduled for the April 16, 2018 meeting of the Mayor and Board of Aldermen.  The meeting will start at 7:30PM at Boonton Town Hall and for the first time, will include a presentation aimed at increasing transparency and public education.  Copies of the budget are available in the clerk’s office and on the town’s website www.boonton.org.

CLICK HERE for more information.
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