Secaucus adopted its 2017 Municipal Budget last week and noted that there will be no increase in overall taxes.
Despite an increase in the school tax rate, the budget will absorb the increase and not pass it along to residents. The town released a statement with the following quotes from Mayor Michael Gonnelli:
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.
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.
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.