Tag Archives: taxes

A look at the expenses side of proposed budget

With City Council having introduced the proposed 2015 municipal budget earlier this month, and scheduled to vote on it at its next meeting, here’s a closer look at some of the items in the $52.5 million spending plan.

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Average municipal tax hike projected at $120

A loss of almost $900,000 in revenue from the state’s red light camera pilot program is among the biggest hits to the 2015 municipal budget, which projects a 3.7-percent tax hike.

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Proposal would restore mayor’s salary to $72K

More than three years after slashing the previous mayor’s pay by two-thirds, City Council introduced a measure that would restore the annual salary.

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A comparison of Union County SIDs

A citywide Special Improvement District (SID) that generates $600,000 to $700,000 would be the largest single one among Union County’s 14 districts.

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Breakdown by property of expanded citywide SID

The average property within an expanded, citywide Special Improvement District (SID) would pay about $1,437 in taxes to the SID, but the average among industrial properties and apartments would be nearly twice as high as commercial properties.

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State of the City 2015

Mayor Samson Steinman delivered the annual State of the City address Friday night, announcing a few new events for 2015 while providing updates on items announced last year amid a smattering of redevelopment-related topics.

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St. Georges Avenue building wins tax appeal

A St. Georges Avenue office building won a tax appeal judgment last year that resulted in a 64-percent refund of its almost $47,000 property tax bill for the  2010 tax year.

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