2014-03-20 / Front Page
Sayreville budget would raise taxes $63 on avg. home
SAYREVILLE — The Borough Council will consider a $54.2 million municipal budget for 2014 that represents an increase of nearly $2 million from last year.
The spending plan, introduced by the council March 10, absorbs an increase of $824,412 in employee salaries, according to Chief Financial Officer Wayne Kronowski. The line item is up 4.15 percent over last year.
If the package is adopted, the municipal tax rate would rise by 4.4 cents to $1.27 per $100 of assessed valuation. The owner of a home assessed at the borough average of $143,300 would pay $63 more in annual municipal taxes.
The municipal budget would be supported by a $29 million tax levy and $25.2 million from other revenue sources, including an anticipated $9.2 million in state aid, which Kronowski said has remained at the same level since 2010.
Statutory expenditures such as Social Security and pension payments are on the rise, according to Kronowski. The budget is also seeing increases in wastewater treatment and snow-removal costs.
The borough’s 2014 capital budget sets aside $1 million to replace the roofs on the Sayreville Senior Center and the Public Safety Complex.
The plan also allocates $1.1 million to paint Sayreville’s water towers and $625,000 to replace a fire truck. It calls for improvements to parks, and equipment upgrades and replacements for several borough departments.
A public hearing on the budget will be held at the April 7 council meeting.