March 10, 2014 at 11:00 PM
CHATHAM, NJ - Revisions to the 2014 municipal budget include the addition of an unanticipated $250,000 supplemental grant, according to Robert Falzarano, borough administrator, at the Borough of Chatham Council meeting on Monday night.
Falzarano explained that Chatham received the additional money for the Kings Road improvements, which added an extra $165,000 to the budget that is being transferred to road repair.
Because of the extra money, Borough Engineer Vince DeNave identified road repairs that could be made with the added funds. DeNave listed that mill and pave repairs will be made on Summit Avenue, Division Avenue and Edgehill Avenue. That was in addition to the planned repairs on Center Street, Duchamp Place, Fairview Avenue and Farimount Avenue.
Falzarano's Powerpoint presentation showed that the tax levy remains the same as first reported, an increase of 1.75 percent. That would amount to an increase of $46.22 for the average assessed home of $660,325.
The total budget of $14,094,778 is reduced to $13,929,778 with the extra $165,000 surplus from the grant. The increease from 2013 is $255,785.
The 2014 budget, along with the capital ordinance, will both be introduced on March 24. The adoption date for both is April 28.
In other business, Falzarano estimated that Chatham has spent $50,000 on its three major snowstorms this winter, which includes overtime and the purchase of salt. Council member Jim Lonergan pointed out that Berkeley Heights, in comparison, has spent $213,911 to date for its snow removal.