April 13,2018
the staff of the Ridgewood blog
Ridgewood NJ, according to Councilmen Ramon Hache, “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.” Hache goes on , “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.”
Final 2018 Budget Presentation
2018 Final Budget Presentation
