Wednesday, May 8, 2013
Mayor Buccellato stated that over the past four years the borough has worked to balance revenues with expenditures.
The Matawan Borough Council voted to introduce a $10,554,843.34 total general municipal budget at their meeting Tuesday. Councilwoman Kimberly Daly was the only elected official to vote against its introduction. The budget is approximately $79,442 below the approved 2012 municipal budget. The tax levy would also see a decrease of about $263,600 to $7,484,009.33 if the budget is adopted as introduced. The borough would also raise $325,031 in taxes for the Matawan Aberdeen Public Library. Under the 2 percent cap, the borough is permitted to raise the tax levy to $7,644,544, however they are below that amount by about $160,535. Although the budget may decrease, the tax rate may see a slight increase from 70.9 cents per $100 of a home's …
Tuesday, March 12, 2013
The tentative budget calls for a $682,849 increase -- or a 1.5 percent increase -- to the tax levy from the 2012-13 year for a total of $46,206,109 to be raised by taxes.
The Matawan Aberdeen Board of Education approved an approximately $68.1 million tentative budget for the 2013-14 academic year at a special action meeting March 4. The $68,154,682 total budget includes a $64,745,927 operating budget, an increase of about $4.9 million from 2012-13, and $2,438,305 in debt service, a decrease of about $35 thousand. The tentative budget calls for a $682,849 increase to the tax levy from the 2012-13 year for a total of $46,206,109 to be raised by taxes. The budget is a tentative one and approval by the Board of Education only authorized School Business Administrator Patrick DeGeorge to submit it for review by the Executive Superintendent of Monmouth County. DeGeorge walked the Board of Education and a small …
Wednesday, August 22, 2012
The budget was approved and finalized in July, and tax bills have been mailed out to residents
Aberdeen residents recently received their 2012 tax bills in the mail, after the Aberdeen Township Council approved their $15 million budget for the fiscal year on July 17. The $15,545,464.04 budget is an increase of $456,241 from the 2011 fiscal year budget approved by the township. Disregarding the approximately $300,000 in exceptions, the budget does not exceed the 2% cap increase. Township Manager Holly Reycraft explained that, per law, exceptions are not factored into calculating whether or not a municipal budget increase exceeds the 2% cap. Exeptions include items such as health care and pensions. The spending plan contains an increase of $415,642.22 to the tax levy, bringing the amount to be raised by taxes in 2012 to $9,368,955, …
Tuesday, July 17, 2012
Capital program includes funding for several new trains and buses
Commuting can be stressful and time consuming, but it seems no matter how you slice it it's always expensive. Even buying a monthly discounted rail ticket, it costs $4,632 a year to trek back and forth from the Aberdeen-Matawan NJ Transit Station to New York City. Hopping on the bus is only slightly cheaper, totalling $3,336 a year. With that in mind, it may come as a relief to commuters that NJ Transit will not be upping their fares in 2013. The Board of Directors recently approved a $1.904 billion operating budget and a $1.152 billion capital program for the 2013 fiscal year, which began on July 1, 2012, according to a press release from the company. Fares account for $894.2 million, which is nearly half, of the operating budget. The …
Tuesday, March 27, 2012
Matawan school taxes to increase 1.453 per $100 assessed value, Aberdeen school taxes to increase by 1.508 per $100 assessed value
The Matawan Aberdeen Board of Education approved a $63,282,867 budget for the 2012-13 academic year at their meeting Monday night. According to a budget presentation given by Business Administrator James Strimple, the total tax levy accounts for 75.8% of the budget. State aid accounts for 19.5% of it, fund balance (or surplus) accounts for 1.7%, and grants account for 1.6%. The total tax level is split into two pieces. The first piece is the operating budget, or the amount that is used toward costs such as programs, initiatives, technology or capital projects. The second piece is debt service. Strimple explained that debt service is similar to making mortgage payments. The total tax levy for the 2012-13 year is $47,966,733, with $45,523,…
Friday, March 16, 2012
Facing a $13 billion funding gap, NJ's state and local governments and school districts have to make deep cuts or reinvent the way they provide services.
Friday, March 16, 2012
By NJ Spotlight, an online news service providing insight and information on issues critical to New Jersey. Despite major savings from last year's pension and health benefits overhaul, New Jersey's state, county, and municipal governments and school districts will be taking in $13 billion less than they need to maintain services at current levels five years from now, according to a study by a blue-ribbon panel of former state officials and foundation leaders conducted for the Council of New Jersey Grantmakers. Former State Treasurers Feather O'Connor Houstoun and Sam Crane, Rutgers University Public Policy Professor Ray Caprio, and CNJG President Nina Stack spoke for a bipartisan group of 19 policy experts yesterday when they warned that …
Wednesday, July 20, 2011
The revision will reflect the increase in state aid
The Board of Education will revise the school budget in the coming weeks to reflect the increase in state aid announced by Gov. Chris Christie last week. Matawan Aberdeen Regional School District will receive an additional $584,217 for the 2011-12 school year. With the additional appropriation from the state, the increase from the 2010-11 school year has doubled. In total, the district will now receive $11,235,493 in state aid over the 2011-12 school year. The increase in aid came with guidelines for usage. School districts have the option to use the money for tax relief or to revise the budget. A certain percentage of the money can also be carried into the 2012-13 and 2013-14 academic years. MARSD chose to revise the budget, as there was …