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.
Tag Archives: budget
City Council introduces 2021 budget
City Council introduced a municipal budget on Monday night that includes no increase in the municipal portion of tax bills this year.
Redevelopment Agency adopts 2021 budget
The Redevelopment Agency adopted a $1.41-million budget for 2021, which remained much the same from the 2020 spending plan.
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
PILOTs in the 2019 budget
Revenue from Payments In Lieu Of Taxes (PILOT) is projected to reach almost $1.4 million in this year’s municipal budget while foreclosure registry fees are expected to jump by more than 50 percent.
Proposed budget would hike average taxes $49
Municipal taxes on the average assessed home would rise about $49 under a proposed budget to be introduced next week.
Continue reading Proposed budget would hike average taxes $49
City Council approves new 6-year PBA contract
City Council approved a new six-year contract through 2023 with Patrolman’s Benevolent Association (PBA) Local 31, representing officers in the Rahway Police Department.
Continue reading City Council approves new 6-year PBA contract