MORRISTOWN, NJ - Morristown Mayor Tim Dougherty introduced a $52.5 million municipal budget during Tuesday's virtual council meeting.
There will be no tax increase for residents in this year's proposed budget, announced Dougherty. The town will utilize surplus funds to support government services.
"As everyone has experienced, this disease has forced us to stay at home, suspend business activity and change the way we live, work and play", said Dougherty. "As a result, the town's finances have been directly impacted by this loss of activity, but we will endure".
"Being fiscally responsible means planning for unforeseeable events and that's exactly what we have done", he said.
However, Dougherty cautioned "all" as the long term public impact of the pandemic is uncertain.
"Prolonged or deeper fiscal depression may result in difficult decisions being forced upon our municipal operations in the future", said Dougherty. "In the meantime, the town is prepared".
Dougherty noted the ongoing redevelopment projects, the street scape improvement projects, park improvements and the traffic beacon on Speedwell Avenue.
Details of the budget will be presented during the June 2020 meeting.
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