CRANBURY: Township adopts budget over mayor's objection

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CRANBURY: Township adopts budget over mayor's objection
DATE POSTED: Friday, April 1, 2011 8:05 AM EDT
By David Kilby, Staff Writer

   CRANBURY — The township adopted its 2011 budget at its meeting Monday after a public hearing on the spending plan with the mayor the sole voice of opposition on the Township Committee.

   The total proposed budget is $10,811,557 with $6,327,339 to be raised by taxation and a tax rate of 39.5 cents per $100 of assessed value, a 2-cent increase from last year.

   However, the average value of a house in Cranbury has declined from $617,439 to $608,299 in the past year. So even though the tax rate will increase 2 cents, the amount to be raised by taxation is $38,021 less than last year’s levy of $6,365,360.

   The owner of a house assessed at the average of $608,299 will pay $2,402 in taxes, which is $87 more than last year.

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