HASBROUCK HEIGHTS, NJ - The Hasbrouck Heights Council approved the introduction at the May 27 Borough Council meeting at Borough Hall. Below is a chart representing the 2020 Budget and Revenues submissions.

   Proposed     Adopted     
   Year 2020      Year 2019   Difference  Percent
General Appropriations For:          
1. Appropriations within "Caps"           
a) Municipal Purposes          16,060,457            15,759,779          300,678        1.91%
           
2. Appropriations excluded from "CAPS"          
a) Municipal Purposes            3,823,126              3,787,612            35,514        0.94%
B) Local District School Purposes in Municipal Budget          
Total General Appropriations  exchluded from "CAPS"            3,823,158              3,787,612            35,546        0.94%
           
3. Reserve for Uncollected Taxes Based on Estimated 98.07 Percent of Tax Collections               996,242                 996,502              (260)     (0.03%)
           
4. Total General Appropriations          20,879,856            20,543,983          335,873       1.63%
           
5. Less Anticipated Revenues Other Than Current Property Tax             4,682,389              4,808,601       (126,212)     (2.62%)
           
6. Difference: Amount to be Raised by Taxes in Support of Municipal Budget          
a) Local Tax for Municipal Purposes Inclueding Reserve for Uncollected Taxes          15,560,696            15,129,243          431,452        2.85%
b) Addition to Local District School Tax                           -    
c) Minimum Library Tax               636,735                 606,049            30,686        5.06%

Since 1884, state statutes have provided for minimum library funding levels. Library funding is a small portion of any tax bill. NJ municipal libraries are funded at the rate of 33¢ for each $1,000 of assessed property value

Revenues
  2020 Anticipated   2019 Anticipated Realized Cash in 2019 
1. Surplus Anticipated            1,315,000            1 275,000                   1,275,000
2. Surplus Anticipated with Prior Written Consent of Local Government Services        
3. Miscellaneous Revenues        
A.  Local Revenues           1,076,000            1,194,315                  1,413,152
B.  State Aid Without Offsetting Appropriations           1,083,148            1,083,148                  1,083,148
C: Dedicated Uniform Construction Code Fees Offset With Appropriations              180,000               180,000                      190,175
D. Shared Services Agreement              186,500               147,750                      147,750
E Additional Revenues                                 
F. Public & Private Revenues                43,569                 45,691                       45,691
G. Other Special Items               483,172               487,697                     480,734
Total Misc Revenue           3,052,389            3,138,601                   3,360,650
4. Receipts from Delinquent Taxes              315,000               395,000                      385,258
5. Subtotal General Revenues (items 1,2,3,& 4)            4,682,39            4 808,601                  5,020,908
6. Amount to be Raised by Taxes for Support of Municpal Budget        
a) Local Tax for Municipal Purposes Including Reserve for Uncollected Taxes         15,560,696          15,129,243                        -  
b) Addition to Local District School Tax                           -                                -  
c) Minimum Library Tax              636,739               606,049                         -  
Total Amount Raised by Taxes for Support of Municipal Budget         16,197,435          15,735,292                 16,453,182
7. Total General Revenues         20,879,824          20,543,893                  21,474,089

 

General Appropriations
  Appropriated Expended
  2020 2019 2019 By Emergency Appropriation Total 2019 as Modified by All Transfers Paid or Charged Reserved
Total General Appropriations for Municipal Programs with CAPS           16,060,457  15,759,779                     15,756,779  15,196,295  560,484
             
A) Operations - Excluded from "CAPS"            
Other Operations             2,151,500   ,2,174,400                       2,175,900    2,077,296     98,604
Uniform Construction Code                              -            
Shared Services Aggreements                186,500       147,750                          147,750       128,144     19,606
Public/Private Programs Offset by Revenues                 43,569         45,691                            45,691         45,691  
Total Operations Excluded from "CAPS"             2,381,569    2,367,841                           -                       2,369,341  2,251,131    118,210
             
C) Capital Improvements                  75,000         50,000                           51,500         50,000       1,500
D) Municipal Debt Service             1,366,557    1,369,771                      1,369,771    1,369,771  
E) Total Deferred Charges            
F) Judgments            
G) Cash Deficit With Prior Consent            
K) Local District School Purposes            
N) Transfer to Board of Education            
M) Reserve for Uncollected Taxes               996,242       996,502                          996,502      996,502  
Total General Appropriations          20,879,824  20,543,893                           -                     20,543,893  19,863,700    680,194

 

 

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