Government

Verona Introduces Projected $23 Million Municipal Budget

970ef3a1d0b690d28f7d_89f0e732a56d8892bcdf_IMG_0305.JPG
Police Chief Mitchell Stern addresses the council as part of the introduction to the 2017 budget. Credits: Jason Moussab
970ef3a1d0b690d28f7d_89f0e732a56d8892bcdf_IMG_0305.JPG

VERONA, NJ – Township Manager Matthew Cavallo and Chief Financial Officer Matthew Laracy introduced a projected 2017 municipal budget of $23 million at the Verona town council meeting on Tuesday.

Laracy explained that municipal taxes under the proposed spending plan are not expected to increase.  The budget presented to the Council has a zero percent tax rate increase.

The CFO told the council that the township miscellaneous revenue exceeded budget totals by more than $350,000 in 2016.

Sign Up for E-News

“A large portion of the $350,000 was from PILOT programs which the town received $260,000. Municipal court fines increased to $50,000 in revenue and we saw revenue increases in recreation and parking meter collections,” Laracy said.

According to the introduced budget, unanticipated revenue exceeded $125,000 and this had to do with FEMA reimbursements and interest on investments.

Total municipal expenses also decreased from 2015 to 2016 and the town saw a reduction of $229,000, despite average salary increases of six  percent for the Patrolmen’s Benevolent Association and four percent for the Office and Professional Employees International Union.

A majority of the reduction in municipal expenses were due to personnel costs, according to the presentation. The town saved $472,000 from 2015 to 2016.

Laracy praised everyone for the reduction in overtime from 2015 to 2016.  

Overtime in the police force also saw a decrease as Chief Mitchell Stearn said that much of the work is being done during work hours and said that having four new policemen join the squad helped.

Cavallo and Laracy explained to the council that 38 percent of the budget is made up of employee salaries and wages. The two also said that three items can affect this budget with the first being the contracts for the PBA and OPEIU, both of which expired on Jan. 1

“Contract talks are underway,” Laracy said. “The result of negotiations will dictate a large portion of the township personnel expenses.”

The second area that can fluctuate the budget is health benefits. Cavallo and Laracy said that health benefit costs are rising across the nation.

“Verona moved out of a state plan and into a health insurance fund this year, and saw a significant savings in that,” Laracy explained.  

Additionally, they said that the cost of retiree benefits continue to increase. The last area that can affect the budget is the capital projects and debt. Mayor Kevin Ryan said that the library renovation is a high priority. The town is also looking at a bond sale that will bond older debt from 2013 to 2015, Laracy said.  

The township hopes to formally introduce the budget by March 7.  

TAP Into Another Town's News:

You May Also Be Interested In

Sign Up for E-News

Verona/Cedar Grove

Parsippany septuagenarian becomes NJIT's oldest engineering grad

May 23, 2018

NEWARK, NJ - It was about five minutes after Robert Dresnack’s Water Resources Engineering class had begun when a septuagenarian poked his head into the room at NJIT. Puzzled, the professor inquired, “May I help you?”

In fact, he could. “I’m a student in this class,” replied Chris Antholis, then 72, who was six years into his quest to earn a Bachelor of ...

Cedar Grove Police Blotter

May 21, 2018

May 14, 2018 – May 20, 2018

On May 14, 2018 at 5:57 p.m., Ptl. Michael Passafiume stopped a vehicle without a front license plate and tinted windows. A subsequent investigation led to the arrest of the 36 year old male driver from Paterson for driving with a suspended license. He was processed and released with a summons to appear in municipal court.

On May 15, 2018 at 8:31 a.m., Ptl.

Vehicular Homicide Charges for Driver of Paramus School Bus

May 24, 2018

MORRISTOWN, NJ - The driver of a school bus involved in a crash on Route 80 last week that killed two people faces two counts of second-degree vehicular homicide/death by auto, it was announced today.

The driver, Hudy Muldrow, 77, of Woodland Park, attempted to make an illegal U-Turn on the highway in an attempt to find his way to Waterloo Village, the planned destination of the bus that was ...

Cedar Grove Junior Football and Cheer Registration Now Open

May 23, 2018

 

BECOME A PART OF OUR PANTHER

FOOTBALL AND CHEER FAMILY AND ...

SAVE NOW!

Registration is Now Open!

REGISTER ONLINE TODAY AND RECEIVE EARLY-BIRD DISCOUNTS!

By registering your child today, you will save $20 per child and a sibling discount of $45!

LIMITED TIME ONLY!

WWW.CEDARGROVEPANTHERS.COM

 

The Cedar Grove Junior Football and Cheer Program creates ...

'Turning Off the Morning News' brings comic twist

‘Turning Off the Morning News’ tackles today’s issues with a comic twist

By Liz Keill

PRINCETON, N J – Despite the late night comics, no one quite captures the insanity of the political/social status world like Christopher Durang.

His latest play, “Turning off the Morning News” hit the ground running.  John Pankow as Jimmy addresses the audience, ...

'To Kill a Mockingbird' Sustains Timeless Appeal

SUMMIT, NJ – The Summit Playhouse provides a stellar production of a much loved classic, “To Kill a Mockingbird.”

The Harper Lee novel, later a Gregory Peck film and now a stage production, retains all the warmth, intensity and integrity that made it such an appealing hit in the 1960s. And there will be a new production on Broadway in December with a script by Aaron Sorkin ...