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, May 7, 2013
Christie rebate cuts cause 22.4 percent increase in net property taxes that hits those making under $150,000
Net property taxes in New Jersey rose 22.4 percent in Gov. Chris Christie's first three years in office, compared to just 6 percent in Democratic Gov. Jon Corzine's last three years in office, a New Jersey Spotlight analysis shows. Christie, who has made attacks on “Corzine Democrats” a centerpiece of his reelection campaign, has been touting his record of holding down overall property tax increases. But when Christie’s rebate reductions are factored in, his property tax record is not so clear-cut. While Corzine doubled average property tax rebates from 2006 to 2009 and provided rebates to families earning as much as $250,000, Christie sharply cut the size of rebate payments and limited eligibility for non-seniors to those earning $75,000 …
The council is seeking public input on the budget, which was introduced in March.
The public is welcome to comment and ask questions about Aberdeen's $16,333,733.06 municipal budget at the township council's May 7 meeting. The budget, which was introduced on March 20, calls for an approximately $601,389.83 increase in the tax levy from the adopted 2012 budget to $10,690,313.82. About $719,969 of the tax levy is allotted for the Matawan Aberdeen Public Library. According to Aberdeen Chief Financial Officer Angela Morin, the budget has not been changed since it was first introduced on March 20. The tax rate would also see an increase if it were adopted as is, from 48.7 cents per $100 of a property's assessed value to 51.77 cents. Although there is a 6.3 percent increase in the tax rate, the budget complies with state …
The budget, which will only be introduced and not adopted Tuesday, calls for a decrease in the tax levy but a slight increase in the tax rate.
The Matawan Borough Council will introduce a $10,554,843.34 total general municipal budget at their meeting Tuesday, according to Borough Administrator Louis Ferrara. The budget, which is available on the borough website, 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 …
Monday, March 25, 2013
The council intends to fine tune the budget now that it has been introduced.
Correction: This article originally indicated the percent tax increase was 6.6 percent over the 2012 tax rate. The percent increase in the introduced budget in 6.3 percent. --- The Aberdeen Township Council introduced a municipal budget with a $804,938.97 increase at their March 20 meeting. The $16,333,733.06 budget, which the council said is a work in progress, includes an approximately $601,389.83 increase in the tax levy from the adopted 2012 budget to $10,690,313.82. About $719,969 of the tax levy is allotted for the Matawan Aberdeen Public Library. The tax rate would also see an increase if it were adopted as is, from 48.7 cents per $100 of a property's assessed value to 51.77 cents. Although there is a 6.3 percent increase in the …
Monday, March 18, 2013
Learn what the 2014 municipal budget will support and how it may impact your local taxes.
The Matawan Borough Council will hold a budget workshop for the 2014 municipal budget on Tuesday, March 19 at 7 p.m. at the Matawan Municipal community Center. The meeting is open to the public. The purpose of a workshop is to examine the proposed budget for the upcoming fiscal year. The next step will be to introduce the proposed budget and then at a later meeting, the council will hold a budget hearing and then vote on whether or not to adopt it. In 2012, the borough council approved a $10,634,285.24 municipal budget, which was a $363,568.74 increase from the previous year.
Thursday, February 7, 2013
The free events are designed help individuals and businesses prepare their 2012 tax returns.
The State's Treasury Department's Division of Taxation has organized a number of tax assistance outreach events throughout February and March in towns affected by Hurricane Sandy, Gov. Chris Christie's office announced Thursday. The events, scheduled during the height of tax season, are being held in towns that suffered heavy damage during Sandy as well as adjacent municipalities. The events will be located at libraries or other public buildings. The events are scattered throughout Monmouth, Ocean and Bergen Counties. The tax assistance events are free and residents can register online by visiting https://www.state.nj.us/treas/taxation/contactus_tytstormsandyrelief.shtml.. Residents can also email email@example.com or call …
Tuesday, January 15, 2013
The state average increase was 1.7 percent. Matawan increased 0.6%.
Tuesday, January 15
Property tax bills in Aberdeen rose 4.8 percent in 2012 from the previous year, while the state average increase came in at 1.7 percent, according to a report in The Star Ledger. Matawan property tax bills saw an increase of 0.6%. The newspaper's analysis found that statewide average increases were the lowest since 1991 and remained under the mandatory 2 percent cap put in place by Gov. Chris Christie. Aberdeen residents paid an average of $6,595.87 in property taxes in 2012, calculated with average contributions of $1,374.19 to municipal taxes, $812.74 to county taxes and $4,408.95 to school taxes, according to the report. Matawan residents paid an average of $8,305.79 in property taxes in 2012, calculated with average contributions of…
Monday, June 11, 2012
The IRS warns NJ residents to beware of this new phishing scam
Monday, June 11, 2012
A message from the Internal Revenue Service: New Jersey residents should be on the lookout for a new email phishing scam now circulating that targets Department of Defense military members, retirees and civilian employees. According to IRS spokeswoman, Dianne Besunder, the email appears to come from Defense Finance and Accounting Services and displays a .mil email address. The message states that that those receiving disability compensation from the Department of Veterans Affairs (VA) may be able to obtain additional funds from the IRS. Email recipients are then asked to send various VA and IRS documents containing their personal and financial information, such as copies of VA award letters and their income tax returns, to an address in …
Monday, May 21, 2012
Measure aimed at staving off 'relentless' toll increases, assemblyman says
A group of state legislators have proposed a bill that would allow commuters to claim a tax credit if they spend $1,000 or more on highway tolls per year. Sen. Jim Holzapfel and Assemblymen Dave Wolfe and Greg McGuckin (all R-10) proposed the bill in their respective chambers last week. If it becomes law, commuters would be able to receive a $1,000 state income tax credit if their E-ZPass toll accounts register $1,000 or more in toll payments in a given year. Holzapfel said the law is aimed at providing relief for commuters who have seen "relentless" toll increases in recent years. "By providing commuters with a means to offset a portion of their commuting costs, our bill recognizes that these taxpayers are paying more than their fair …