On Tuesday, May 23, 2017, Mayor Michael J. Gonnelli and the Town Council adopted the 2017 Municipal Budget. Once again, there will be no increase in overall taxes. Although the school tax rate is increasing, the 2017 Municipal Budget will absorb said increase.

 

Mayor Gonnelli stated, “For the second year in a row, our overall tax rate will remain flat and for the fifth year in a row, there have been no municipal tax increase.I would venture to guess there are very few, if any, municipalities in the state that have seen their taxes remain flat and had the municipal portion of the budget absorb tax increases from other sources.”

The Mayor and Town Council have worked very hard from year to year to analyze the budget and prepare, to the best of their ability for future years. Mayor Gonnelli went on to state, “We are very happy that our residents and businesses can benefit from this forward-looking fiscal planning, as it has allowed us to keep taxes flat and provide increased services, despite the fact we have seen an increase in hospitalization and pension costs, increases in our contractual obligations and have set aside a $350,000.00 reserve for tax appeals. Furthermore, the budget includes $2,500,000.00 in fully funded road improvements.

Mayor Gonnelli stated in conclusion, “As your Mayor I can assure you that it is our top priority to ensure the Town provides the highest quality services to all of our residents while remaining fiscally sound. I am very pleased that, once again, we were able to achieve that goal. Secaucus remains an attractive place to live and run a business and the Council and I will work to ensure that this continues.”

 

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