COUNCIL INTRODUCES
TOWN BUDGET
Spending kept below inflation despite state mandates
SECAUCUS -The Town Council introduced a 2007 budget today that limits spending
to less than the rate of inflation despite significant increases in state-mandated
costs.
The budget totals $40.06 million, an increase of just 3.35 percent or less
than the rate of inflation for the metropolitan area.
The budget includes additional required payments of $600,000 to cover contracts,
$430,000 in increased pension costs; $440,000 in additional health insurance costs; and $165,000 more
that the town has to pay for the New Jersey Meadowlands Commission.
The budget will represent an average increase in
property taxes of less than $8 a month for a typical Secaucus homeowner
- a total of $95 for the year.
The slight increase comes after eight consecutive years with no increase
in the municipal tax rate.
"We've done the best we can to fight increasing
costs from
Trenton
," Mayor Dennis Elwell said. "We've kept the increase to the barest minimum needed to meet state requirements."
The budget also includes the costs of hiring three new police officers and
restructuring the Town Police force, Mayor Elwell said.
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