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2018 Introductory Vilage of Ridgewood Budget


April 15,2018

the staff of the Ridgewood blog

Ridgewood NJ, According to Councilman Ramon M Hache in his  April newsletter, “The month of March brought some severe weather. We saw a significant amount of snowfall accompanied with hazardous road conditions. The March 21 Budget Meeting was rescheduled due to the nor’easter that made its way to our area the night before. Despite the scheduling setback, we managed to conclude our budget hearings before the end of the month.
2018 Municipal Budget”

Hache goes on , “The budget process is never easy, especially in an age of budget caps that are below the rate of inflation. Basically we have to, at a minimum, deliver the same level of services every year with a limited capacity of raising revenues to meet the increased cost of delivering those services. Changes to federal income tax laws at the end of 2017 have adversely impacted many of our residents by sharply reducing the amount of state and local income taxes (“SALT”) they can deduct in determining taxable income. Mindful of this, we worked very hard with our department heads to come up with a budget that would not place an additional undue burden on our residents. On April 11, the Village Council will introduce a municipal budget with a property tax increase of 0.99% over 2017.Please note this is just the municipal budget and does not include the Board of Education or the county.”

2018 Introductory Budget



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