Plumsted Township

2015 BudgetQuestions or Comments

Contact: Jack Trotta609-758-2241

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2015 BUDGET INTRODUCTION 4/1/15• PUBLIC HEARING: 5/6/15

MUNICIPAL BUILDING, 121 EVERGREEN RD

7:00 P.M.• BUDGET INFORMATION

POSTED ON TOWNSHIP WEBSITEWWW.PLUMSTED.ORG

COPY AVAILABLE ATMUNICIPAL BUILDINGLIBRARY

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BUDGET OVERVIEW

• 2015 Budget $3,578,587• 2014 Budget $3,453,151

2015 is $96,725 more than 2014

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TOTAL SALARIES – 7 PAST YEARS• 2009: $1,360,972• 2010: $1,252,330• 2011: $1,158,117• 2012: $1,165,890• 2013: $1,188,231• 2014: $1,288,816 (as amended)• 2015: $1,348,139

2015 is $59,323 more than 2014, and $12,833 less than 2009

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TOTAL OPERATING EXPENSES• 2010: $1,563,588• 2011: $1,268,471• 2012: $1,247,412• 2013: $1,214,341• 2014: $1,421,548• 2015: $1,452,530

• 2015 is $30,982 more than 2014 2.1%• 2015 is $111,058 less than 2010 - 7.1%

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The increase of $30,982 in operating expenses is due to snow/ice removal expenses in first 3 months of 2015, which were $32,000 more than last year.

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MAXIMUM TAX WITHIN 2% TAX CAP LAW

• $1,890,870$ 45,372 TAX DOLLAR INCREASE

• Approximate $0.006 (6/10 of 1 cent) increase in the tax rate

• Total 2015 municipal tax rate $0.2417

2% TAX CAP LEVY LAW

• 2015 BUDGET IS IN COMPLIANCE• NO LONGER RECEIVING TRANSITIONAL AID• NO BALLOT QUESTION TO EXCEED CAP

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Average Home Ratable Base

2015 2014

$279,327 $276,048

Total Plumsted Township ratable base in 2014 $785,150,772 vs. 2015 783,362,929

A decrease of $1,787,843 or about 0.22%.

REASSESSMENT IS EFFECTIVE. RATABLE BASE HAS STABILIZED.

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Value of $0.01 of tax rate

2012 $105,5252013 $ 78,5902014 $ 78,5152015 $ 78,329

REASSESSMENT IS EFFECTIVE. RATABLE BASE HAS STABILIZED.

TAX DOLLAR CHANGE FOR AVERAGE HOME (Township portion)

• 2015 BUDGET AT $0.241 per hundred dollars• 2014 BUDGET AT $0.235 per hundred dollarsINCREASE OF $17.82 or 2.8%

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COMPARISON WITH OCEAN COUNTY AVERAGE

•AVERAGE MUNICIPAL TAX PORTION (2013) $1,764 •AVERAGE PLUMSTED TAX PORTION (2015) 670 •DIFFERENCE $1,094 LESS

•PLUMSTED REMAINS LOWEST IN OCEAN COUNTY

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COMPARISON WITH NEW JERSEY AVERAGE

•AVERAGE NJ PROPERTY TAX (2014) $8,161 •AVERAGE PLUMSTED PROPERTY TAX (2015) 6,843 •DIFFERENCE $1,318 LESS

2015 Estimated Total Tax Bill % of Total Tax School 63.0% $ 12,118,658 County 18.3% $ 3,528,832 Township 9.8% $ 1,890,870 Fire 8.1% $ 1,554,758 Open Space 0.8% $ 156,673 Total 100% $ 19,249,791

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Increase of about 2.5% or $476,290

2014 vs. 2015 Estimated Change 2014 2015 Change % School $ 11,757,885 $12,118,658 360,773 3.1County 3,458,330 3,528,832 70,502 2.0Township 1,845,498 1,890,870 45,372 2.4Fire 1,554,758 1,554,758 0 0Open Space 157,030 156,673 357 -0.2Total $ 18,773501 $19,249,791

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Total estimated increase 2014 vs. 2015 is $476,290 or 2.5%

Plumsted Township

2015 BudgetQuestions or Comments

Contact: Mayor Jack Trotta609-758-2241

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