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[quote="Guest"]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. http://www.centraljersey.com/articles/2011/04/02/cranbury_press/news/doc4d949207652fe609627647.txt[/quote]
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<table border="0" cellpadding="3" cellspacing="1" width="100%" class="forumline"> <tr> <th class="thCornerL" width="22%" height="26">Author</th> <th class="thCornerR">Message</th> </tr> <tr> <td width="22%" align="left" valign="top" class="row1"><span class="name"><a name=""></a><b>Guest</b></span></td> <td class="row1" height="28" valign="top"><table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td width="100%"><img src="templates/subSilver/images/icon_minipost.gif" width="12" height="9" alt="Post" title="Post" border="0" /><span class="postdetails">Posted: Sat, Apr 2 2011, 9:08 am EDT<span class="gen"> </span> Post subject: CRANBURY: Township adopts budget over mayor's objection</span></td> </tr> <tr> <td colspan="2"><hr /></td> </tr> <tr> <td colspan="2"><span class="postbody">CRANBURY: Township adopts budget over mayor's objection <br />DATE POSTED: Friday, April 1, 2011 8:05 AM EDT <br />By David Kilby, Staff Writer <br /> <br /> 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. <br /> <br /> 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. <br /> <br /> 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. <br /> <br /> 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. <br /> <br /><a href="http://www.centraljersey.com/articles/2011/04/02/cranbury_press/news/doc4d949207652fe609627647.txt" target="_blank">http://www.centraljersey.com/articles/2011/04/02/cranbury_press/news/doc4d949207652fe609627647.txt</a></span></td> </tr> </table></td> </tr> <tr> <td colspan="2" height="1" class="spaceRow"><img src="templates/subSilver/images/spacer.gif" alt="" width="1" height="1" /></td> </tr> </table>
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