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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>tax hike</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, Mar 19 2005, 9:44 am EST<span class="gen"> </span> Post subject: 5.5% tax hike</span></td> </tr> <tr> <td colspan="2"><hr /></td> </tr> <tr> <td colspan="2"><span class="postbody"><span style="font-weight: bold">The Township Committee adopted a 2005 budget Monday that carries a 5.5 percent increase in municipal taxes. <br /></span> <br />The committee cited debt payments, police personnel changes, the cost of furnishing the new police station, professional services related to a re-examination of the Master Plan and the fulfillment of the third round of affordable housing obligations as reasons for the tax increase. <br /> The $11.5 million spending plan sets the 2005 municipal tax rate at 77 cents per $100 of assessed valuation, an increase of 4 cents over the 2004 spending plan. The rates include a 3-cent open space tax. <br /> Under the 2005 plan, the owner of a home assessed at the township average of $225,000 will pay $1,732.50 in municipal taxes, up from $1,642.50 in 2004. <br /> The proposed spending plan is about $300,000 smaller than the 2004 budget, primarily because of several one-time projects last year, like the acquisition of the Simonson, Barclay and Wright farmlands and bonding for the construction of the $3.2 million police station. <br /> <br />(<a href="http://www.zwire.com/site/news.cfm?newsid=14175393&BRD=1091&PAG=461&dept_id=425419&rfi=6" target="_blank" class="postlink">more...</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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