City Council unanimously passed a nearly $55-million municipal budget — which includes an average tax hike of $82 for the average homeowner — and the annual $140,000 Special Improvement District (SID) budget, during its meeting Monday night, with no comments from the public and only a couple of clarifying questions from council members.
Monthly Archives: July 2018
SID & municipal budgets up for adoption
City Council is scheduled to vote on a proposed 2018 municipal budget and the annual Special Improvement District (SID) budget during a special meeting tonight at 6:30 p.m.
Reva breaks ground at former Center Circle
Construction began last week on Reva Rahway, a five-story, 219-unit development, just months after demolition of the former Center Circle on Main Street.
Tax appeal settlement nets 30-percent refund
The settlement of a multi-year tax appeal will result in a 31-percent refund on four years of property taxes for a local hotel while appeals on two other years were withdrawn.
Continue reading Tax appeal settlement nets 30-percent refund
PILOTs exceed $1.5 million in 2018 budget
The latest downtown development is expected to begin contributing a Payment In Lieu of Taxes (PILOT) this year, bringing anticipated revenue from PILOTs to more than $1.5 million in the 2018 municipal budget.