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.