Revenue in the proposed municipal budget from foreclosure and vacant house registration fees is anticipated to be less than $300,000 for 2022, the lowest level since the registry was created eight years ago.
The municipal budget anticipates more than $2.5 million in revenue from Payments In Lieu Of Taxes (PILOT), thanks in part to two new developments coming online and a new state law requiring a contribution from local hospitals.
The average assessed home in Rahway is expected to see a modest decrease in the municipal portion of their tax bills under a spending plan introduced last week. Continue reading Municipal budget introduced→