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.
Tag Archives: budget
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.
Redevelopment Agency approves 2018 budget
The Redevelopment Agency adopted its 2018 budget of $1.4 million earlier this month.
City Council to approve 2017 municipal budget
City Council is scheduled to hold a public hearing and final approval of the 2017 municipal budget during its combined conference and regular meeting tonight, starting at 7 p.m. The $54-million spending plan, which projects an average municipal tax increase of $81, was introduced at the April 24 regular meeting.
Continue reading City Council to approve 2017 municipal budget
PILOTs in the 2017 municipal budget
Payments In Lieu Of Taxes (PILOTs) more than doubled in last year’s municipal budget, eclipsing $2 million after three new projects were added to the tax rolls. The spending plan for 2017 anticipates $1.3 million after the expiration of one five-year PILOT.