City Council is scheduled to adopt a city budget for 2013 on Monday night that anticipates a municipal tax increase of about $116 for the average assessed home ($133,000). A public hearing is scheduled during the regular meeting, which begins at 7 p.m.
The $50.7-million spending plan includes a property tax levy of $34.47 million, an increase of about 3 percent over the previous year. City Council also is scheduled to adopt a separate, $130,000 budget for the Special Improvement District (SID), which funds the Rahway Arts District.
The municipal budget was introduced last month. For a breakdown of some specifics on the tax increase, check out this post from last month after the municipal budget was introduced.