WARREN, NJ - The Warren Township Committee has adopted a 2017 Municipal Budget of $18,895,411.91, with an amount to be raised by taxes of $13,365,569.69 and a tax rate of .291.
- This budget is an increase over the final 2016 budget of $16,000 (.08%) and decreases the amount to be raised by taxes from 2016 by $100,000 (.74%).
- The tax rate is a decrease of 2.28% from the 2016 rate of .298.
- The average house, which is valued at $738,653, will pay $13 more than the average house paid in 2016.
The Township Committee set a goal in August 2016, as it provided direction to the Township Administrator and township departments, to reduce that total amount to be raised by taxes in 2017, even though state law permits a 2 percent increase.
The budget includes funding for $900,000 in road improvements throughout the township, maintaining staffing levels in the police department to ensure the public safety of residents. Additionally, the township is continuing support for the volunteer fire department and for the operations of all township departments.
The Township Committee is responsible for managing the smallest share of the tax dollar paid by residents at 15.7 percent. Warren Township Board of Education is responsible for 43.25 percent, Watchung Hills Regional High School is responsible for 21 percent, and Somerset County is responsible for 20 percent.
In 2016, Warren Township received a renewal of its Aa1 Bond Rating from Moody's Financial Rating Services and maintains its AAA Bond Rating from Standard & Poor's Rating Services received in 2014.
The Township Committee maintains nearly flat appropriations from the prior year, as well as reducing the amount to be raised by municipal taxes paid by township residents.
To see a full copy of the 2017 Municipal Budget, visit warrennj.org.