With the adoption of our
2007 Current Fund and Capital Budget on April 26, 2007, the Township Committee would like to advise you of the current
financial position of the Township. The Township's $21,083,381.65
Operating and Capital Budget represents the joint effort of the governing
body and all departments to limit spending while still maintaining a high
level of service to all its residents.
Revenues to support your Township Budget of
$21.0 million are derived
from fees for various municipal services established by the Township
Committee, franchise and other business taxes, interest on investments and
State aid. Therefore, only 18% of your total tax rate which is equal to
$0.459, represents the cost of the municipal services listed below.
The total tax rate is influenced by your vote on various budgets during
the year and the Township Committee's ability to maintain a broad tax base
by attracting desirable commercial ratables.
