Tag Archives: budget

A closer look at PILOT revenue in 2022 budget

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.

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Municipal budget introduced

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

Public hearing tonight on 2021 city budget

City Council is scheduled to hold a public hearing and final vote on a proposed $58.6-million municipal budget, which aims to raise $38.1 million through property taxes.

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PILOTs in the 2021 budget

The proposed municipal budget for 2021 includes almost $1.8 million in anticipated Payments In Lieu Of Taxes (PILOT), with at least two new developments expected to add $190,000 this year.

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City Council introduces 2021 budget

City Council introduced a municipal budget on Monday night that includes no increase in the municipal portion of tax bills this year.

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Redevelopment Agency adopts 2021 budget

The Redevelopment Agency adopted a $1.41-million budget for 2021, which remained much the same from the 2020 spending plan.

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PILOTs in the 2020 municipal budget

Payments In Lieu Of Taxes (PILOT) are anticipated to account for $1.385 million in the 2020 municipal budget.

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City Council scheduled to vote on 2020 budget

City Council introduced a $56.7-million budget for 2020 that projects an average tax increase of $49, or about 1.37 percent.

Continue reading City Council scheduled to vote on 2020 budget