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Ridgewood Faces 4.3 percent municipal tax increase

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the staff of the Ridgewood blog

Ridgewood NJ, on Wednesday at the Village Council meeting chief financial officer Bob Rooney laid out the case for a 4.3 percent municipal tax increase .Rooney explained that a tax increase is needed due to lost revenues from COVID-19, consecutive years of modest or no tax increases, and the use of one-time, non-recurring revenues to balance the budget. The 52.9 million Village budget  including the 4.3 percent municipal tax increase will be voted on by the Village Council at the May 12 meeting .

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