Press Release: 2017 Municipal Budget reflects no municipal tax increase in Secaucus

SECAUCUS, NJ – On March 28, 2017, the Mayor and Town Council introduced the Municipal Budget for 2017. Mayor Gonnelli stated, “I am pleased to report that, once again, the 2017 Municipal Budget reflects no municipal tax increase. While both the school and County will likely have tax increases, we have struck a budget that will absorb them. Therefore, for the second year in a row, overall taxes will remain flat. I would venture to guess there are very few, if any, municipalities in the state that have seen their taxes remain flat and had the municipal portion of the budget absorb tax increases from other governmental agencies.”

The Mayor went on to state, “The Council and I have worked very hard from year to year to analyze the budget and prepare, to the best of our ability, for future years. We are very happy that our residents and businesses can benefit from this forward looking fiscal planning as it has allowed us to keep taxes flat, despite the fact we have seen an increase in hospitalization and pension costs, increases in our contractual obligations and have set aside a $350,000.00 reserve for tax appeals. Furthermore, the budget includes $2.5 million in fully funded road improvements.”

The governing body is also pleased to report there will be a budget surplus of $3.5 million dollars, which is the highest it has been in many years.

Finally the Mayor stated, “I can assure you that it is our top priority to ensure the Town provides the highest quality services to all our residents and businesses while remaining fiscally sound. I am very pleased that, once again, we were able to achieve that goal. Secaucus remains a great place to live, raise a family and run a business and we will work to ensure this continues.”

The Mayor went on the thank the Council and all those involved in the budget process for their hard work and dedication to ensuring Secaucus remains the best place to live in the State of New Jersey.