2017 Calendar Year Budget Presentation May 15, 2017

Borough of Woodcliff Lake Breakdown of Revenues Borough of Woodcliff Lake

Borough of Woodcliff Lake 2017 Revenues as a % of Total Borough of Woodcliff Lake

Borough of Woodcliff Lake Tax Levy CAP 2017 Amount to be Raised by Taxation (Increase of 2.30% or $218,870) $ 9,755,108 2016 Amount Raised by Taxation $ 9,536,238 *Maximum permitted to be Raised by Taxation $10,167,501 Amount below CAP $ 412,393 * Includes CAP Banks Borough of Woodcliff Lake

Borough of Woodcliff Lake Breakdown of Expenses Borough of Woodcliff Lake

2017 Appropriations as a % of Total Borough of Woodcliff Lake

Borough of Woodcliff Lake Appropriation CAP 2017 Current Budget CAP Spending (Increase of 3.41% or $313,466) 2016 Previous Budget CAP Spending *Maximum permitted CAP Spending Includes CAP Bank $9,498,006 $9,184,540 $9,850,019 Amount below CAP $352,013 Borough of Woodcliff Lake

History of Tax Rate Apportionment Borough of Woodcliff Lake

Where Your Tax Dollar Goes 2017 Municipal School County 24¢ 64¢ 12¢ Borough of Woodcliff Lake

Change in Assessed Value Effect on Municipal Portion of Tax Bill – Average Residential Home* Proposed Actual 2017 2016 Increase $ 3,641 $ 3,606 $ 35 * 2017 and 2016 Average Residential Home Value - $740,000 and $727,000, excludes municipal open space. Borough of Woodcliff Lake