The average home in Rahway, assessed at $133,000, is expected to see an increase of about $195 in the municipal portion of tax bills, under a city budget adopted last month.
Continue reading Average $195 tax hike estimated in city budget
Tag Archives: budget
Rally, emergency meeting lead to reinstatement of library funding
Within a week of the Rahway Public Library announcing the immediate halt of all programming, the library’s Board of Trustees unanimously reinstated funding during an emergency meeting on Friday.
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A closer look at PILOTS in 2024 municipal budget
Revenue from Payments In Lieu Of Taxes (PILOT) increased last year by 30 percent, about $845,000, and this year’s municipal budget anticipates another increase of 26 percent, or almost $720,000.
Continue reading A closer look at PILOTS in 2024 municipal budget
PILOTS in the 2023 budget
The 2023 municipal budget anticipates almost $3 million in revenue from Payments In Lieu Of Taxes (PILOT), an increase of almost a half-million dollars.
Budget includes average tax hike of $149
Municipal taxes will rise by an average of $149 in Rahway after two years without much of an increase.
City Council introduces $400K SID budget
A proposed Special Improvement District (SID) for 2023 is almost a quarter higher than the previous year and ramps up programming and improvements by almost $140,000.
City Council adopts municipal budget
City Council unanimously adopted the 2022 municipal budget during a special meeting held via Zoom on July 28 that’s expected to decrease the municipal portion of property taxes by about $3 on the average home.
Foreclosure registration fee revenues decline
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.
Continue reading Foreclosure registration fee revenues decline