City Council unanimously adopted the 2022 municipal budget during a special meeting held via Zoom on July 28 that’s expected to decrease the municipal portion of property taxes by about $3 on the average home.
Category Archives: taxes
Abstract of Ratables, 2021
The city’s total assessed value inched up again last year for the second year in a row, led by a nearly 3% increase in assessed value of Class 4C Apartment.
A recap of the past two months
It’s been awhile since the last podcast episode dropped, so there’s plenty to catch up on the past couple of months. Here’s a smattering of items reviewed on the latest episode:
- A reorganization of City Hall included a new city administrator and police director.
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The municipal budget was approved, with no increase in the municipal portion of tax bills, and here’s a closer look at PILOTs in the 2021 budget.
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Two polls came and went since the last episode, and now a third is currently up on the site. Have a look at results of the Favorite Sandwich poll and Favorite Outdoor Space. Don’t forget to vote in the current poll, Favorite Restaurant (eat-in, table service), which closes next week.
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City Council took over management of the Rahway Special Improvement District (SID). It also confirmed five members of a new SID Advisory Board, replacing the Rahway Arts & Business Partnership Board of Trustees.
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City Council in June introduced an ordinance regulating cannabis but then tabled cannabis legislation until the Planning Board has a chance to review it this week.
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Public hearing tonight on 2021 city budget
City Council is scheduled to hold a public hearing and final vote on a proposed $58.6-million municipal budget, which aims to raise $38.1 million through property taxes.
Council approves shift in SID management
City Council unanimously approved an ordinance that will shift the downtown management corporation overseeing the Special Improvement District (SID) from the Rahway Arts and Business Partnership (RABP) to the governing body.
PILOTs in the 2021 budget
The proposed municipal budget for 2021 includes almost $1.8 million in anticipated Payments In Lieu Of Taxes (PILOT), with at least two new developments expected to add $190,000 this year.
PILOTs in the 2020 municipal budget
Payments In Lieu Of Taxes (PILOT) are anticipated to account for $1.385 million in the 2020 municipal budget.
City Council scheduled to vote on 2020 budget
City Council introduced a $56.7-million budget for 2020 that projects an average tax increase of $49, or about 1.37 percent.
Continue reading City Council scheduled to vote on 2020 budget