The Fort Lee Council adopted the 2012 municipal budget Thursday after a public hearing.
The Fort Lee Borough Council adopted its 2012 municipal budget Thursday, with spending up 1.9 percent, and a tax levy increase of 1.86 percent over last year’s budget. The total amount of money borough officials anticipate raising through taxation is roughly $58.7 million, and the total anticipated general appropriations for 2012 amount to slightly less than $69.4 million under the budget, which the Council adopted unanimously at their regular meeting. “We believe it to be another solid budget; another solid financial period for this governing body,” said Fort Lee Mayor Mark Sokolich. “The total tax increase in the levy is 1.86 percent—well below the threshold cap.” That equates to $109.74 for the average homeowner with a home assessed at…
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Fort Lee Borough Administrative Offices-Borough Hall
309 Main St, Fort Lee, NJ
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Fort Lee Council introduced the 2012 municipal budget Thursday; a hearing is scheduled for April 19.
The Fort Lee Borough Council introduced its 2012 municipal budget Thursday, with spending up 1.9 percent, and a tax levy increase of 1.86 percent over last year’s budget. The total amount of money borough officials anticipate raising through taxation is roughly $58.7 million, and the total anticipated general appropriations for 2012 at introduction amount to slightly less than $69.4 million under the proposed budget. Fort Lee Mayor Mark Sokolich said Thursday he’s “very, very proud of where this borough is fiscally as of today.” “I think that this budget is as strong as any budget of any community in Bergen County,” Sokolich said, noting that no services have been cut, and that the municipal workforce has been reduced by about 15 percent …
40.852771
-73.973355
Fort Lee Borough Administrative Offices-Borough Hall
309 Main St, Fort Lee, NJ
/articles/municipal-budget-introduced-tax-levy-to-increase-by-1-86-percent-spending-by-1-9
1771003
/locations/6548718
CD Cantelli
5:02 pm on Monday, April 23, 2012
@Jack, I'm sure Raffi and Marc will work well together. Macri can take over legal work if Raffi gets suspended again. more ›