City Council is expected to introduced the 2017 municipal budget at its next regular meeting, April 24.
The regular meeting originally was scheduled for tonight but was rescheduled last week for April 24 because of the Passover holiday.
There were no details on the budget discussed at Monday’s pre-meeting conference other than to mention that the spending plan will be introduced. The budget will be introduced as AR-110, and the budget for the Special Improvement District (Rahway Arts District) will be introduced as AR-111.
Over the last few years, the budget usually has been introduced in March or as early as February, and approved in April or May. Since there’s not information available yet on the 2017 budget, it’s as good a time as any too take a look back at municipal budgets in previous years.
- The 2016 budget, introduced in late May and approved in June, was a $53.174 million spending plan that included a $39 tax increase for the average home, rising from about $3,311 to $3,150 for the average assessed home at $133,000. About $36.7 million of the $53 million was raised through property taxes.
- In 2015, the budget was approved in May and introduced in April. The $52.5 million spending plan generated $36.07 million through property taxes, with an increase of about $120, raising municipal taxes from about $3,191 to $3,311 for the average home.
- In 2014, the budget was introduced in March and approved in April, with an average increase in municipal property taxes of about $43, up from $3,148 to $3,191.
- In 2013, the budget was introduced in March and approved in May. The $50.7-million spending plan saw an average increase of $116 on the average assessed home, from about $3,035 to $3,151. Successful tax appeals contributed to almost a quarter of that tax hike, or about $25.
- In 2012, the budget was introduced in February and approved in March. The amount raised by taxes in the budget was $33.455 million. The average assessed home saw taxes of $3,042, compared with $3,046 estimated the previous year.
- In 2011, the budget was introduced in January and approved in February. The $44.9 million spending plan raised approximately $31.1 million from property taxes. The average home paid about $2,416, up from about $2,280 in municipal taxes in a transitional budget year.