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Village of Ridgewood 2022 Budget Up 2.9% with a Tax Increase of 1.99%

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the staff of the Ridgewood blog

Ridgewood NJ, on Wednesday night, the Ridgewood Village Council held a Special Public Budget Meeting. During this meeting, Robert Rooney, Chief Financial Officer of the Village of Ridgewood rolled out the budget highlights and introduced the 2022 budget.

Rooney had previously pushed for a 6% cut across the board for all Village departments.

Roney said , “We’re proposing and operating a budget of $54.97 million, a capital budget of $7.5 million,”. The proposed Village budget is up 2.9% from last year’s budget, resulting in a 1.99% annual tax increase, or $93 annual increase on an average assessed home valued at $702,349.

8 thoughts on “Village of Ridgewood 2022 Budget Up 2.9% with a Tax Increase of 1.99%

  1. Cool.

    We LIKE it because we are…
    RICH and STUPID

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  2. Not all of us are rich and I hope not all of us are stupid!

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  3. since the schools make up the majority of the bill how much are they gonna pork us with an increase

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  4. 2% increase is not that bad. At least using the increases for improvements throughout the town. People need to realize that for many years a lot of things weren’t getting done because of not enough funds. If you look at towns that have no increase it sounds good, but they don’t make any improvements. And when you don’t make improvements things just crumble, and then it cost three times more to replace it. So in the end we need to weigh things out.

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  5. Poster Boy for RICH and STUPID:

    “2% increase is not that bad. At least using the increases for improvements throughout the town. People need to realize that for many years a lot of things weren’t getting done because of not enough funds. If you look at towns that have no increase it sounds good, but they don’t make any improvements. And when you don’t make improvements things just crumble, and then it cost three times more to replace it. So in the end we need to weigh things out.”

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  6. Valley’s gone. So is the volunteer EMS. They’re hiring more cops and firefighters. The Village is run by Ridgewood PBA Local 20 (see the new $7 million Ridgewood Water HQ so they could give the police more room at Village Hall) and Ridgewood FMBA Local 47.

    As interest rates start rising (Fed Funds rate seen at 3% by year end), watch what happens to interest rate expenses on Village municipal debt (which has increased massively under Knudsen), plus all that growing off balance sheet debt at Ridgewood Water (see above) and the NWBCD – which are both controlled by the Village.

    House of cards…

  7. This tax increase, coupled with the horrific Biden-induced inflation, is really going to hit people’s wallets hard. Time to move out of Ridgewood, and out of NJ. Democrats use tax dollars as an endless slush fund, while doing absolutely nothing to serve their constituents.

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