1. Plumsted Township 2015 Budget Questions or Comments Contact: Jack Trotta 609-758-2241 1

2. 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 WWW.PLUMSTED.ORG COPY AVAILABLE AT MUNICIPAL BUILDING LIBRARY 2

3. BUDGET OVERVIEW 2015 Budget $3,578,587 2014 Budget $3,453,151 2015 is $96,725 more than 2014 3

4. TOTAL SALARIES – 7 PAST YEARS 2009: $1,360,972 2010: $1,252,330 2011: $1,158,117 2012: $1,165,890 2013: $1,188,231 2014: $1,288,816 (as amended) 2015: $1,348,139 2015 is $59,323 more than 2014, and $12,833 less than 2009 4

5. TOTAL OPERATING EXPENSES 2010: $1,563,588 2011: $1,268,471 2012: $1,247,412 2013: $1,214,341 2014: $1,421,548 2015: $1,452,530 2015 is $30,982 more than 2014 2.1% 2015 is $111,058 less than 2010 - 7.1% 5

6. 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

7. 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 $0.241 7

8. 2% TAX CAP LEVY LAW 2015 BUDGET IS IN COMPLIANCE NO LONGER RECEIVING TRANSITIONAL AID NO BALLOT QUESTION TO EXCEED CAP 8

9. 9 Average Home Ratable Base 2015 2014 $279,327 $276,048 Total Plumsted Township ratable base in 2014 $785,150,772 vs. 2015 783,362,929 A decrease of $1,787,843 or about 0.22%. REASSESSMENT IS EFFECTIVE. RATABLE BASE HAS STABILIZED.

10. 10 Value of $0.01 of tax rate 2012 $105,525 2013 $ 78,590 2014 $ 78,515 2015 $ 78,329 REASSESSMENT IS EFFECTIVE. RATABLE BASE HAS STABILIZED.

11. 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. 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. 13 COMPARISON WITH NEW JERSEY AVERAGE AVERAGE NJ PROPERTY TAX (2014) $8,161 AVERAGE PLUMSTED PROPERTY TAX (2015) 6,843 DIFFERENCE $1,318 LESS

14. 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% $ 19,249,791 14 Increase of about 2.5% or $476,290

15. 2014 vs. 2015 Estimated Change 2014 2015 Change % School $ 11,757,885 $12,118,658 360,773 3.1 County 3,458,330 3,528,832 70,502 2.0 Township 1,845,498 1,890,870 45,372 2.4 Fire 1,554,758 1,554,758 0 0 Open Space 157,030 156,673 357 -0.2 Total $ 18,773501 $19,249,791 15 Total estimated increase 2014 vs. 2015 is $476,290 or 2.5%

16. Plumsted Township 2015 Budget Questions or Comments Contact: Mayor Jack Trotta 609-758-2241 16