Moorestown Approves $31.5M Budget, Tax Hikes In 2026 Municipal Budget

MOORESTOWN, NJ — Moorestown Town Council approved its 2026 Municipal Budget on Monday night.

The total $31,499,65.69 was built with nearly $18 million from local taxes.

This is up from around $16.4 million in 2025.

"As Mayor, my goal is to ensure the budget we put forward is fiscally responsible, honest about rising costs, and mindful of the burden on residents," Mayor Quinton Law said in his breakdown of the budget ahead of the meeting.

According to the Township, the average assessed homeowner will see a property tax hike of around $179.68 this year, or around $15 month.

Mayor Law attributed the increase to the rising costs municipalities continue to face across New Jersey in multiple key categories.

In Moorestown, the major drivers in the initial 2026 budget include health insurance (up by $580,513), police and township staff salaries (up by $380,048), sanitation (up by $201,800), and the library ($178,435).

The Township controls around 14 percent of the local tax bills.

The other portion of a total property tax bill is collected by the Township but funneled to the school district (65 percent), Burlington County and County Open Space (17 percent), the fire district (three percent), and the Township library (two percent).

The municipal funds are then largely dedicated to public safety (18 percent) and followed by public works (15 percent).

The 2026 budget includes overlay work to repair and resurface roadways that include Bramley Road, East and West Spruce Avenue, Courtland Shire Drive, Jeffery Road, North Stanwick Road, the Valley View Terrace alleys, and some areas of East Main Street.

Improvements are also being made on the Full Throttle Playground, the Town Green Bandshell, and Yancy Adams Park.

Leaders also set aside funds to care for water infrastructure in the area, including Main Street Water Main Replacement Phases 3 and 4, to reduce main breaks and build long-term reliability.

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