PARAMUS, NJ -- Tuesday evening, the Paramus Township Council introduced the 2018 municipal budget with no tax increases.
The budget, which is subject to changes between now and its adoption at an upcoming Council meeting, sets a general appropriations budget of $65,999,586.96, with municipal tax portion of $39,546,167.30. The tax rate not set yet, but estimated rate is 1.815.
“I am proud to introduce the 2018 Municipal Budget with NO increase in the municipal taxes. This now makes 8 consecutive years as Mayor that municipal taxes have either gone down or been reduced while we have expanded services and programs, made capital improvements and maintained AAA bond rating,” said Mayor Richard LaBarbiera.
“This doesn’t come easy, but is the fiscal discipline we have. As a minimum this is unprecedented in Paramus. The administration’s planning was key here, to keep the tax base strong, and having the vision to keep businesses in our community when many towns in the state are losing those businesses,” said Councilman Pat Verile, Budget Chairman.
Mayor LaBarbiera stressed in a phone interview that the town has applied a business model to generate revenue to offset cost of living increases and provide residents additional services before the need becomes immediate.
“We’ve added cops, made capital improvements, library, senior center, raising stipends for our Fire Department, and adopted over 60 shared service agreements,” said Mayor LaBarbiera. “I’m unaware of any other township in New Jersey with this many shared service agreements.”
The Township's shared service agreements include partnerships with nearby municipalities and Bergen County.