Ridgewood’s $5 Million Budget Gap? The Valley Hospital Tax Ruling Explained
the staff of the Ridgewood blog
Ridgewood NJ, The legal battle over Valley Hospital’s tax status just took a sharp turn, leaving the Village of Ridgewood facing a potential “windfall” that looks more like a financial crater. Here is the breakdown of Judge Nicholas Ostuni’s recent ruling and what it means for your tax dollars.
Ridgewood NJ, New fiberglass planters are now being placed throughout Ridgewood’s Central Business District by employees of the Village’s Parks Division. The new fiberglass units replace planters that were made of concrete, which subjected them to frequent cracking due to the freeze-thaw cycle. Gravel is being placed in the bottom of each new unit to provide stabilization because of their rounded bottoms.
Ridgewood NJ, are you seeking consistent garbage pickup services? Unfortunately, that’s not guaranteed due to the deteriorating condition of the Village’s sanitation trucks. I concur with Councilwoman Reynolds that the Village must urgently address this issue. She points out that there is $2.3 million allocated for the Schedler field, with an additional $500k added last year. This occurred even as the Village implemented a 6 percent tax hike and faced a budget crisis that nearly led to employee furloughs. Reynolds emphasizes the pressing need to utilize some of these funds to update the fleet of sanitation trucks, either through purchasing or renting.
Ridgewood NJ, many of the major proponents of the parking deck in the central business district are starting to have second thoughts. Realizing that taking a sizable debt load for a depreciating structure that requires systemic subsidy was not a smart idea. A little late to do anything about the structure, like turf fields in flood zones and the Village Hall wreck-on-vacation another thing resident taxpayers will be stuck with forever .
An important budget message from Mayor Susan Knudsen:
Dear fellow Ridgewood residents,
Last summer the Village of Ridgewood began working on this year’s 2021 municipal budget. Unlike other municipalities, Ridgewood engages in in a robust and transparent budget process with each department director required to prepare an annual budget. The Village Manager, CFO, and Treasurer work diligently alongside Department Directors to ensure budgets meet Village standards without overburdening taxpayers.