ROSELLE, NJ - The municipal budget for the 2020 fiscal year will not feature a tax increase for the first time in 10 years according to borough Chief Financial Officer Anders Hasseler.
Councilman Brandon Bernier pointed out that for the last three years on average Roselle has raised municipal taxes $10. A substantial drop from the $150 three year average in 2015.
The budget also included a $390,000 deferred charge from 2019. This is the second year in a row where part of the budget is devoted to settling debt from the previous year.
“The only way we have the long-term ability to continue to fix roads here is by paying down our debt,” said Councilman Bernier.
The Borough Council voted to 5-1 in favor of introducing the new budget at Wednesday night's meeting. Third Ward Councilwoman Johnson was the only abstaining vote.
CFO Hasseler will be covering the full budget in detail at the July 15th council meeting.