For 2014 the total budget will be $84.4 million. That is an increase of 1.53 percent over the 2013 budget of $83,14 million.
The proposed tax rate will increase by 2.54 percent, resulting in an average homeowner increase of $85.
Pianese pointed out that state aid to North Bergen had decreased from almost $14 million in 2007 to about $7 million a year currently.
Less than a week before the meeting, Moody’s Investor’s affirmed the upgraded Aa3 bond rating for North Bergen due to “prudent management team, strong financial position and market access.”
Copies of the budget presentation are available in PowerPoint format on the town website at http://www.northbergen.org. --Art Schwartz