Government

Chatham Township Introduces Municipal Budget; Open Space Tax Lowered to Half Cent

The Chatham Township Municipal Budget calls for 27.2 cent tax levy per $100 of assessed valuye Credits: TAP Chatham
Committee member John Maurer was one of three votes rejecting the one cent Open Space Tax Credits: TAP Chatham

CHATHAM, NJ - For the fourth straight year, there will be no increase in the tax rate for residents in the Chatham Township Municipal Budget, introduced on Thursday night by administrator Thomas Ciccarone at the regular meeting of the Chatham Township Committee.

The municipal budget will be up for adoption on March 23.

The budget passed, 5-0, and, after two votes, the Open Space Tax was set at one-half cent, which is the same rate as last year. The final vote on the Open Space Tax was, 4-1, with committee member Mike Kelly dissenting.

Sign Up for E-News

The 2017 municipal budget calls for $8,255,055 to be raised by taxes at a rate of 26.2 cents per $100 of assessed property value. The tax rate has remained the same for four straight years and Ciccarone announced that township residents would be paying $4.75 less this year.

Most of the discussion about the budget was spent on the Open Space Tax, which was voted on referendum by Chatham Township residents to be two cents. But, each year, the township committee has the option of lowering the tax or leaving it at two cents.

Kelly advocated for two cents at the previous committee meeting and Chatham Township Mayor Curt Ritter introduced a one cent rate on Thursday, which he described as a "No harm, no foul" rate. Ritter said it would show that Chatham Township had "skin in the game" if it asked for state open space funding in the future.

Ritter's proposal was voted down, 3-2, with committee members John Maurer, Kevin Sullivan and Karen Swartz voting no. In general, the members voting no opposed collecting taxpayer funds when there is no immediate need. All said they were in favor open space purchases when the opportunity arises.

Sullivan had been the mayor when Chatham Township purchased the 162-acre open space now known as Giralda Farms Park.

According to Ciccarone, there is $120,000 in the Open Space fund at this time and that the half-cent tax generates $150,000 in revenue for that purpose. The township pays $130,000 in debt service out of those funds.

The township is now in negotiation to purchase a piece of open space for $1.8 million. Ciccarone urged that the township committee to consider the one cent Open Space Tax, which would cover the $90,000 down payment needed for the purchase. 

Ciccarone declined to comment on the purchase because it is still in negotiation and has not been finalized.

 

 

 

 

 

TAP Into Another Town's News:

You May Also Like

Sign Up for E-News

Chatham

Allocate, Rebalance, Reduce! A Primer for a Profitable Portfolio

The stock market often takes investors on a wild ride. As such, it is a good idea to be reminded of three basic principles in investing.  Asset allocation, rebalancing and lowering costs. Using these timeless principles to guide investment decisions will keep your portfolio on track and enhance returns over the long haul.

Asset Allocation

Set goals!  It is important to have a ...

Back When The Mall at Short Hills was Out in the Open

DID YOU KNOW....

that the Mall at Short Hills was originally an open-air mall? And that in the late 1960s the NJ Symphony Orchestra performed on the mall for an audience of more than 5,000 lawn chair-carting fans?

It all began in 1949 when the Prudential Insurance Company of America purchased the land where the mall now sits, including a parcel that is now part of the Canoe Brook ...

The Floor Plan

The Essential Flooring Primer

On its surface, sorting through all the choices available today and picking the right flooring option for the right space seems a bit daunting.

But, thanks to Cove Carpet One Floor & Home and its unparalleled selection and team of professionals, making the right choice is simple.

To get you started, here is a primer designed to get you on your way to making informed and beautiful floor ...

Chatham's Troop 8 Scouts Camp in the Pine Barrens

April 22, 2017

It was a cloudy April 1st as scouts and adults from Troop 8 filled water coolers, took attendance, and packed the trailer for a weekend of camping. The group was headed for the Pine Barrens, a scenic and biologically diverse section of wilderness in Southern New Jersey.

After the two hour car ride, the youth leadership took the reigns. Troop 8 is a boy-run troop, meaning operations and program ...