No Tax Increase in 2017 Peapack-Gladstone Budget


PEAPACK AND GLADSTONE NJ - The Peapack-Gladstone Borough Council will brave the elements to introduce the borough's 2017 budget at tonight's regularly scheduled meeting.  The budget that the council will present will not contain an increase in the municipal tax rate.

If the budget passes as proposed, then he municipal tax rate will remain at 0.558 per $100.00 of assessed valuation.  There will be a slight increase in the levy, to $4,070,831.70 from 2016's level of $4,002,079.78.

The proposed budget can be found on the borough's website.  After the budget is introduced, the borough council will schedule a public hearing on the budget, which will be held at one of the council's regularly scheduled meetings.  Any member of the public may comment on the budget during the hearing.



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