Aid for Hackettstown Stays Flat for Next Year

As budgets are finalized for the 2014 fiscal year, New Jersey Governor Chris Christie announced no town in the state would see a drop in state aid for the coming year.

That means Hackettstown will be able to put $782,293 of funding from the state into its spending plan for the coming year, the same amount as last year.

Property taxes rose 2.4-percent, on average, statewide in 2011, followed by a 1.4-percent average in 2012, the governor’s office said.

The funding total for the state of New Jersey came to $1.364 billion.

“This preserved funding means no town in the state will see a decrease in formula municipal aid for the upcoming year. It also demonstrates that municipal aid is a core priority of my Administration,” said Governor Christie in a statement. “Together with bipartisan reforms such as the 2% property tax cap, pension and health benefits changes, and a 2% cap on interest arbitration awards, we are delivering real relief to property taxpayers in New Jersey as evidenced by two consecutive years of the smallest property tax increases in two decades.”