Government

Edison Facing 3.1 % Tax Increase in Proposed Budget

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EDISON, NJ - The Lankey Administration has given the Township Council its proposed $126 million budget for 2015. The Township Council introduced the Administration's $126,471,452 budget proposal on Wednesday evening. A public budget hearing is scheduled for Wednesday, June 24th at the Edison Municipal Complex.

“Our Administration has drafted a responsible budget. It supports essential township services; it will allow us to strengthen public safety; and enable us to continue vital infrastructure improvements throughout the Edison community,” Mayor Lankey said.

Business Administrator Maureen Ruane said the 3.1 percent increase is necessary largely due to a loss of one-time revenues such as last year's sale of new liquor licenses, an end of the Federal Emergency Management Agency reimbursement for Hurricane Sandy; and revenue losses from a state decision to halt a red-light traffic camera program.

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Ruane also said the proposed budget would fund the hiring of up to 15 police officers; set aside money for an aggressive capital improvement program including street repaving, park and public building improvements; the purchase of essential public works and Fire Department equipment; and for the anticipated settlement of employee contracts.

The proposed budget is up $4.8 million from last year's adopted $121,583,664 municipal budget. The amount to be raised by taxes would be $82.9 million, up 3.1 percent from $80 million in 2014.

Ruane said the increase is necessary largely due to a loss of one-time revenues such as last year's sale of new liquor licenses, an end of the Federal Emergency Management Agency reimbursement for Hurricane Sandy; and revenue losses from a state decision to halt a red-light traffic camera program.

Edison also saw a jump in employee prescription premiums; necessary increases in the capital improvement fund and public library appropriations; and due to employee contract settlements last year, Ruane said.

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