WEST ORANGE, NJ - Essex County Executive Joe DiVincenzo presented the proposed budget for 2013 on Thursday afternoon. The Essex County website has posted a Press Release stating that the proposed budget, totaling $732 million dollars, is a "Balanced and responsible proposal for 2013" and avoids "Layoffs and Furloughs for 4th Straight Year." The budget is $10 million more than the 2012 budget.
Despite increased revenues from the Essex County Correctional Facility, Essex County Hospital Center, Essex County Department of Parks and Essex County Youth Detention Facility in the amount of $71.7 million dollars, the proposed budget also includes a 1.75% tax levy, which will amount to about $62 more per year to taxpayers. That increase will show up in the Municipal portion of the West Orange taxpayer's bill. Approximately 54% of the budget will come from the tax levy.
DiVincenzo was confident that the county was in good financial shape. Although Hurricane Sandy produced $30 million in damages for the county, that cost has already been reimbursed by insurance.
There is also a $31 million dollar surplus, which DiVicenzo says is used to maintain the county's AA-2 bond rating.
On January 23, Mayor Parisi will be the keynote speaker at the West Orange Chamber of Commerce Annual Breakfast, and will present the "State of the Township" address. The township has managed to keep its tax increase at 0% for the past three years.