FRANKLIN TOWNSHIP, NJ - The mayor and the township council will hold their work session/regular meeting this Tuesday, 7 p.m., at the municipal building.
Community development block grant (CDBG) applications will be submitted for review by the Council Finance Committee. Activities funded by CDBG grants are required to benefit residents with low and moderate income. Local organizations parcel out the funds, which are integral to the operation of many community-based non-profits.
Last year the township was eligible to receive $254,477 in grant money. This year CDBG funding is expected to be reduced due to cuts in the federal budget.
The township’s calendar year 2017 budget will also be adopted. This year's budget was $59,306,412 versus last year's proposed budget of $59,488,016.
The township is expecting to raise $34,961,693 in taxes with this year's budget and will use $6,195,594 from the surplus fund balance to help pay for expenses.
Remaining revenue needed to pay for the budget would come from local, state, uniform construction code, inter-local agreements, grants, and other special revenue items.
Average home value in Franklin Township is $318,035, and the municipal tax rate will be 0.368 percent, according to township officials. This will give the average tax payer a municipal bill of $1170.
A public hearing and adoption on the prohibition of the sale of dogs and cats from pet shops will also be discussed. The mayor responded to a citizen that raised concern about the topic during the last meeting (the citizen left the meeting early).
The full meeting agenda can be found below:
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