Tag: Ridgewood municipal budget

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Ridgewood municipal budget approved

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Ridgewood municipal budget approved

MAY 29, 2014    LAST UPDATED: THURSDAY, MAY 29, 2014, 4:01 PM
BY BY DARIUS AMOS
STAFF WRITER

For the second year in a row, there will be no new municipal taxes for the average Ridgewood property owner.

The Village Council approved the 2014 municipal budget and a zero percent tax increase by 3-1 vote Wednesday night. The municipal portion of this year’s tax bills will be $3,959, a figure based on the average residential home assessed at $688,358.

To Mayor Paul Aronsohn, who in the past two years has pushed village finance officers for flat taxes, this year’s $46.2 million spending plan and zero percent increase represents a tax relief for already-burdened residents.

“People aren’t making as much [salary] as they used to or are underemployed. We needed to get away from 7 percent tax increases. We needed to express our commitment and determination to do something about it,” Aronsohn said.

“This is the second year in a row that we will be adopting a budget that does not increase municipal taxes … it sets the way for the future. We can’t do this every year, but when we can we should,” he added.

– See more at: https://www.northjersey.com/news/ridgewood-municipal-budget-approved-1.1026002#sthash.QRGTV6EN.dpuf

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Ridgewood municipal budget introduced with no increase in taxes

Ridgewood_-Village_Hall_theridgewoodblog.net_1

Ridgewood municipal budget introduced with no increase in taxes

APRIL 24, 2014    LAST UPDATED: THURSDAY, APRIL 24, 2014, 3:27 PM
BY DARIUS AMOS
STAFF WRITER

Following a healthy debate this week, the Ridgewood Council moved forward with a 2014 municipal spending plan that carries a zero percent average tax increase for all village property owners.

The $46.2 million budget was introduced by 3-2 vote Wednesday night and will be up for formal adoption at a May 28 Village Council meeting. If the plan is adopted, the municipal portion of the Ridgewood tax bill would total $3,959 – a sum based on the village’s average assessed home value of $688,358.

According to Village Manager Roberta Sonenfeld, the 2014 average tax bill is $5 less than the amount presented with last year’s budget. The 2013 municipal spending plan also offered a zero percent tax increase over the previous year.

Council members pushed forward the flat taxes plan after weighing it against a separate version that called for a 1 percent tax increase, or roughly $50 tacked on to annual bill. The alternative would have generated approximately $450,000 for the municipality.

“If we have the opportunity to again provide some relief, my view is we should absolutely do it,” said Mayor Paul Aronsohn. “Last year, we got zero [percent increase], and this year we’re hoping for zero. Prior to that, tax increases were significant. If you compound what the municipal tax increase was with the Board of Education tax increase and the county, and then the burdens that Ridgewood families are feeling generally, it adds up.”

The mayor added that “$50 might sound like a little bit, but every bit adds up. If we can provide relief, we should do it.

– See more at: https://www.northjersey.com/news/ridgewood-municipal-budget-introduced-with-no-increase-in-taxes-1.1002605#sthash.q7BgrILI.dpuf