Paramus To Get $4 Million from Trenton

Paramus is receiving the same amount of money from Trenton as it did last year.

The state released its municipal aid figures on Thursday, revealing that Paramus will receive $4.06 million from Trenton, the same amount it did in 2011.

Borough officials are in the early stages of crafting the 2012 municipal budget. Last year's budget though it eliminated the jobs of five full-time workers.

It could be difficult to control taxes this year despite the neutral state aid figure. The Borough is on the hook for a $1.3 million pension deferral, on top of ever-increasing labor costs.

The Borough recently hired a new chief financial officer to help craft the budget. He'll get to work in Paramus on March 1, Councilman Tom Locicero said Tuesday.

Officials won't reveal the new CFO's name until he leaves his current job. Temporary CFO Thomas Kane has been filling in during the Borough's search for a permanent money manager.