Hackensack, NJ – The 2018 Bergen County budget proposal includes no tax increase, good news for Fair Lawn and Glen Rock, both of which may see hefty hikes in school taxes.
Fair Lawn's 2018 municipal budget had a zero percent increase and Glen Rock is scheduled to introduce its 2018 municipal budget in two weeks.
Property tax bills are in three parts, municipal, county and school.
Bergen County, despite being the most populous county in New Jersey, continues to have the second lowest county tax rate in the state under the new proposal. Moody’s Investors Service has continued to assign Bergen County its highest rating, AAA, citing the county’s strong financial management team, which has emphasized strategic long term planning to maximize fiscal control and flexibility, according to Bergen County Executive Jim Tedesco.
The 2018 budget proposal funds millions in infrastructure investments and improvements, increases education funding by $4.4 million, and continues to prioritize programs that serve Bergen County veterans, seniors, and children. The budget also ensures that full-time county workers earn a "living wage" of $15 an hour. A $10 million increase in county revenue helped keep the tax rate flat, while also continuing to fund the administration’s priorities.
“Despite what some may say, government should not be run like a business, because government does not exist to turn a profit. Government exists to the serve the people,” said County Executive Tedesco. “By bringing business principles to the management of the county, we are delivering a budget that keeps taxes flat while meeting the needs of the people of Bergen County today and providing the foundation to continue building a better Bergen County for years to come.”