Plumsted Township 2015 Budget Questions or Comments Contact: Jack Trotta
2015 BUDGET INTRODUCTION 4/1/15 PUBLIC HEARING: 5/6/15 MUNICIPAL BUILDING, 121 EVERGREEN RD 7:00 P.M. BUDGET INFORMATION POSTED ON TOWNSHIP WEBSITE COPY AVAILABLE AT MUNICIPAL BUILDING LIBRARY 2
BUDGET OVERVIEW 2015 Budget $3,578, Budget $3,453, is $96,725 more than
TOTAL SALARIES – 7 PAST YEARS 2009: $1,360, : $1,252, : $1,158, : $1,165, : $1,188, : $1,288,816 (as amended) 2015: $1,348, is $59,323 more than 2014, and $12,833 less than
TOTAL OPERATING EXPENSES 2010: $1,563, : $1,268, : $1,247, : $1,214, : $1,421, : $1,452, is $30,982 more than % 2015 is $111,058 less than % 5
The increase of $30,982 in operating expenses is due to snow/ice removal expenses in first 3 months of 2015, which were $32,000 more than last year. 6
MAXIMUM TAX WITHIN 2% TAX CAP LAW $1,890,870 $ 45,372 TAX DOLLAR INCREASE Approximate $0.006 (6/10 of 1 cent) increase in the tax rate Total 2015 municipal tax rate $
2% TAX CAP LEVY LAW 2015 BUDGET IS IN COMPLIANCE NO LONGER RECEIVING TRANSITIONAL AID NO BALLOT QUESTION TO EXCEED CAP 8
9 Average Home Ratable Base $279,327 $276,048 Total Plumsted Township ratable base in 2014 $785,150,772 vs ,362,929 A decrease of $1,787,843 or about 0.22%. REASSESSMENT IS EFFECTIVE. RATABLE BASE HAS STABILIZED.
10 Value of $0.01 of tax rate 2012 $105, $ 78, $ 78, $ 78,329 REASSESSMENT IS EFFECTIVE. RATABLE BASE HAS STABILIZED.
TAX DOLLAR CHANGE FOR AVERAGE HOME (Township portion) 2015 BUDGET AT $0.241 per hundred dollars 2014 BUDGET AT $0.235 per hundred dollars INCREASE OF $17.82 or 2.8% 11
12 COMPARISON WITH OCEAN COUNTY AVERAGE AVERAGE MUNICIPAL TAX PORTION (2013) $1,764 AVERAGE PLUMSTED TAX PORTION (2015) 670 DIFFERENCE $1,094 LESS PLUMSTED REMAINS LOWEST IN OCEAN COUNTY
13 COMPARISON WITH NEW JERSEY AVERAGE AVERAGE NJ PROPERTY TAX (2014) $8,161 AVERAGE PLUMSTED PROPERTY TAX (2015) 6,843 DIFFERENCE $1,318 LESS
2015 Estimated Total Tax Bill % of Total Tax School 63.0% $ 12,118,658 County 18.3% $ 3,528,832 Township 9.8% $ 1,890,870 Fire 8.1% $ 1,554,758 Open Space 0.8% $ 156,673 Total 100% $ 19,249, Increase of about 2.5% or $476,290
2014 vs Estimated Change Change % School $ 11,757,885 $12,118, , County 3,458,330 3,528,832 70, Township 1,845,498 1,890,870 45, Fire 1,554,758 1,554, Open Space 157, , Total $ 18, $19,249, Total estimated increase 2014 vs is $476,290 or 2.5%
Plumsted Township 2015 Budget Questions or Comments Contact: Mayor Jack Trotta