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.
Tag Archives: budget
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
A closer look at the Parking Authority
The Rahway Parking Authority expects to generate $1.7 million in revenue this year with expenses of about $1.5 million, for an expected surplus for at least the eighth consecutive year.
City Council adopts municipal, SID budgets
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.
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.
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.
Budget projects $82 hike
Municipal taxes are projected to increase by an average $82 as part of a 2018 budget introduced by City Council.