Secaucus residents will not pay higher municipal taxes in 2018, according to a report in The Hudson Reporter.
The town’s $56 million 2018 budget was introduced at a Town Council meeting at April 10 and extends until December 31. Of course, state or county taxes could still increase the tax burden on residents.
The 2018 budget is a $1.3 million increase over the previous year. Increased expenses included money set aside to repair facilities damaged in Hurricane Sandy as the town is still awaiting funds from FEMA.
Additionally, The Reporter said:
“Also in the budget, the town had to set aside $500,000 for vacation, pension, and sick time payments for future retirees working for the town…
The town also had to set aside $500,000 for payments for a tax appeal resulting from a tax court settlement with the owner of the Holiday Inn in town.”
The budget needs to be approved by the office of local services before being brought up for a vote at a future Town Council meeting.