The 2023 municipal budget anticipates almost $3 million in revenue from Payments In Lieu Of Taxes (PILOT), an increase of almost a half-million dollars.
Tag Archives: budget
Budget includes average tax hike of $149
Municipal taxes will rise by an average of $149 in Rahway after two years without much of an increase.
City Council introduces $400K SID budget
A proposed Special Improvement District (SID) for 2023 is almost a quarter higher than the previous year and ramps up programming and improvements by almost $140,000.
City Council adopts municipal budget
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.
Foreclosure registration fee revenues decline
Revenue in the proposed municipal budget from foreclosure and vacant house registration fees is anticipated to be less than $300,000 for 2022, the lowest level since the registry was created eight years ago.
Continue reading Foreclosure registration fee revenues decline
A closer look at PILOT revenue in 2022 budget
The municipal budget anticipates more than $2.5 million in revenue from Payments In Lieu Of Taxes (PILOT), thanks in part to two new developments coming online and a new state law requiring a contribution from local hospitals.
Continue reading A closer look at PILOT revenue in 2022 budget
Municipal budget introduced
The average assessed home in Rahway is expected to see a modest decrease in the municipal portion of their tax bills under a spending plan introduced last week. Continue reading Municipal budget introduced
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.