Cinnaminson Committee Passes Budget With No Tax Increase

CINNAMINSON, NJ — Cinnaminson’s municipal tax rate will hold steady following the passage of the township’s $15.7 million budget earlier this month.

The budget is $15,762,110.34, up from last year’s $15,265,401.65 budget, but there will be no tax increase. This year’s budget includes a grant for Union Landing Road for $245,000, according to Chief Financial Officer Julia Edmondson.

The tax rate will remain at 61.6 cents per $100,000 of assessed land, according to officials. The owner of the average Cinnaminson home valued at $234,100 will pay $1,442.05 in municipal taxes, which makes up about 18 percent of the local property tax bill.

All existing services remain intact, and no municipal employees were laid off, officials said. Township Committee passed the budget at the May 20 meeting.