The Bordentown Township Committee unanimously adopted the 2018 municipal budget April 23. The municipal purpose tax rate of 54 cents per $100 of assessed value stayed flat since 2014. The average township home valued at $241,724 will pay $1,307 in municipal taxes.
The total municipal budget is $13,132,883, which represents an overall decrease of approximately $500,000 from 2017. The overall valuation of the township has increased over $1.5 million in 2018 and now stands at $1,160,844,635. The township will utilize $1.25 million in surplus to balance its budget.
The budget include the ability to hire one additional police officer and one additional public works employee this year. It also accounts for new collective bargaining contracts with each of the township’s unions. In addition, the budget includes capital funds, which will be allocated for street paving, parks improvements and the purchase of new equipment.
“I am proud to pass this budget and continue our strong recent history of maintaining tax stability in the township,” said Mayor Stephen Benowitz. “This ‘no tax increase’ budget was possible due to the smart commercial and industrial growth the township has seen in the last few years. We are committed to providing the best quality services to our residents, while not increasing the municipal tax burden.
“The budget is also a testament to our outstanding municipal staff, which does an excellent job of working within a reduced budget while still placing the highest priority on supplying outstanding public services to all our residents, businesses and visitors.”
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