Public Hearing On Proposed Budget In Moorestown Monday

MOORESTOWN, NJ — Moorestown Council will hold a public hearing and make a final decision on the proposed $25,592,000 budget when it meets Monday night. Council will meet on Monday night, July 23, 7:30 p.m. at town hall, 111 West Second Street.

Once again, the workshop session usually scheduled for 7 p.m. is canceled in favor of a closed session in which council will discuss affordable housing and the status of the township manager position.

The proposed budget includes a tax decrease of 1.22 percent, from 40.9 cents to 40.4 cents. The owner of the average $450,470 home would pay $1,819.89 total local purpose tax. That includes $1,648.72 in municipal taxes and $171.18 in library taxes. The municipal tax represents a $22.53 decrease from last year, while the library tax would hold steady.

The water and sewer utility budget sees a decrease of 5.28 percent. The proposed budget is $10,500,000, which is a decrease of $585,000 from last year.

Read more here: Proposed Budget Includes Tax Decrease For Moorestown Residents

At its last meeting, council approved the annual ordinance to exceed the municipal budget appropriations and establish a cap bank. This allows Moorestown to increase its budget up by 3.5 percent over last year's final appropriations, as opposed to the 2.5 percent cap, and bank the excess.

This year, Moorestown is permitted to cap $171,234.81 (1 percent) in excess of the 2.5 percent increase in final appropriations.

Council will also consider a pair of proposed ordinances on introduction. The first would vacate a portion of Glen Avenue. The other calls on the township to accept a grant of easement for a 20’ wide sanitary sewer easement in favor of the township at 1490 Glen Avenue.

There are also four items on the consent agenda. To view the full agenda for Monday night's meeting, visit the Agenda Center on the township's website.

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