Monday, April 25, 2011
The $13,606,140 budget was approved, and Superintendent Jim O'Neill also gave an overview of new school district budget.
The Chatham Borough Council approved the 2011 municipal budget with no discussion and no comments or questions from the public during the regular council meeting Monday evening. The budget passed unanimously. According to presentations by Tammie Kopin, the borough's chief financial officer, on March 14 and March 28, the municipal budget totals $13,606,140 and a tax levy increase of $229,978 over the 2010 levy of $7,343,862, for a total increase of 3.13 percent. The total budget increased by 3.66 percent over 2010. The 2011 budget includes more than $122,000 in cuts by various departments, which the council asked and mandatory increases in pensions, debt services, salaries and contributions to the Madison/Chatham Joint Meeting of more than…
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Chatham Borough Municipal Building
54 Fairmount Ave, Chatham, NJ
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Friday, April 15, 2011
The committee also discussed the interlocal animal control agreement with surrounding towns.
The Chatham Township Committee unanimously passed the 2011 municipal budget at its regular meeting Thursday night with a zero percent increase after amending it to reflect the lowered Open Space Tax. At the committee meeting on March 24, the committee voted to lower the tax to one-half of a cent per dollar for 2011, a move which enabled the 2011 tax rate to remain flat from last year. The Open Space Tax reverts to 2 cents per dollar each year and serves to fill the Open Space Reserve, which is primarily used to purchase properties that become available within the municipality that the committee wants to preserve as open space. After completing all the scheduled open space purchases that the committee currently wishes to buy, Committeeman …
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Chatham Township Municipal Building
58 Meyersville Rd, Chatham, NJ
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Tuesday, March 29, 2011
Statewide legislation determines that libraries will get their own line on property taxes.
The Chatham Borough Council approved a resolution to introduce the municipal budget Monday night. The budget went through some changes since Tammie Kopin, the borough's chief financial officer, first presented it at the March 14 council meeting, the most notable change pertaining to the library tax. Last week, Gov. Chris Christie signed a bill that will give local libraries their own tax funding independent of municipalities. In the Chathams, residents will now see the library as a separate line item on their property taxes, along with schools, municipal taxes and county taxes. In the borough, the minimum library tax amounts to $757,825.24. Another $17,000 was added to the budget for debt service. "We would have had to add $200,000 if we …
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Chatham Borough Municipal Building
54 Fairmount Ave, Chatham, NJ
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Friday, March 11, 2011
Committee also discussed lowering the Open Space tax to half of a cent per $100.
The Chatham Township Committee unanimously passed the municipal budget for the 2011 fiscal year at its regular meeting Thursday night. Committee Member Kevin Tubbs was absent from the meeting. Administrator Tom Ciccarone said the budget ended up about $450,000 under the state-mandated 2 percent tax levy cap. State aid for Chatham Township was proposed at $836,467, the state announced in February. The estimated tax rate in 2010 was $1.601. In 2011, it’s $1.634. The breakdown includes 64 percent for schools; 17 percent for county; 18 percent for local and 1 percent for open space. The average residential assessment in 2010 was $747,500. In 2010, the local tax rate of 31.8 cents for $100 of assessed value resulted in a municipal tax bill of…
40.70433
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Chatham Township Municipal Building
58 Meyersville Rd, Chatham, NJ
/articles/committee-approves-fy2011-budget-resolution
33807
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Silas Fairebon
8:10 pm on Friday, March 11, 2011
Yes, there would EVENTUALLY be SOME savings. But since 2/3 of your tax dollar goes to the school district, any savings on the municipal end would be trivial in the grand scheme of things. And the legal fees that would be incurred during the merger process would likely be significant. On a related note, if the Chathams were to merge, it would probably make sense to have Madison and Florham Park be… more ›