NUTLEY, NJ - Nutley Director of Revenue and Finance, Commissioner Thomas Evans, stated that there will be no property tax increase for Nutley residents at tonight's Board of Commissioners meeting.
Evans made the statement after reporting that Nutley will receive transitional aid from the State of New Jersey.
According to Evans, Nutley is the first municipality in the state to receive a transitional aid letter for this budget year. The Township of Nutley will receive $3,250,000 in transitional aid. Transitional aid is granted to communities after suffering a large revenue loss. In the case of Nutley, the aid is being received to make up for the shortfalls in revenue after Roche vacated their North American headquarters situated on the north end of Nutley.
Evans, who worked directly with the governors office to obtain the aid, also thanked Essex County Executive Jospeh DiVincenzo (Joe D) and NJ assemblyman Ralph Caputo for speaking up for Nutley. Part of the reason for no tax increase is due to the work of the other four commissioners who made cuts in their respective departments.
More details about the budget and the rest of the meeting will be reported soon.