Committee Approves Budget With 2.1 Cent Tax Rate Increase

Committee unanimously approved the $14 million budget Monday night.

Patch File Photo
Patch File Photo
Cinnaminson Township Committee unanimously approved the township budget Monday night, and although there was a tax increase, it didn’t reach the level it did last year.

Committee approved the $14 million budget with a 2.1 cent tax rate increase, from 46 cents to 47.1 cents. The increase for a home assessed at the township average $232,000 will see an annual increase of $51.79. The increase is about 99 cents a week.

Last year, the tax rate increased by 3.1 cents, with an increase of $87.90 for the average home. At that time, the average home was assessed at $283,654, but a revaluation has brought the average value down to $281,700.

“Our homes are priced right at market value now,” Cinnaminson Chief Financial Officer Julie Edmondson said during Monday night’s budget presentation at the municipal complex.

The township also managed to cut spending by about $40,000.

“It says a lot that we were able to reduce spending in tough economic times,” Mayor Anthony Minniti said.

She pointed out that $100,000 is being reserved for tax appeals, although the township expects much fewer tax appeals than it has seen recently. Tax appeal costs hovered exceeded $600,000 in 2012 and 2013, which contributed to the tax rate increase and led to a reassessment last year.

The average 2014 tax bill ($1,356.06) will also cover the hiring of two new police officers, increased healthcare costs for employees and a retroactive pension payment.

According to Edmondson, the township’s per capita budget, which is the amount the township pays per resident, remained among the lowest in the area.

Brian N April 23, 2014 at 03:11 PM
Well you brought up poop on your sidewalk in a completely unrelated article, so I thought you liked discussing it?
Stew Sidedoor April 23, 2014 at 04:05 PM
Speaking of poo poo, let's talk about the sad state of affairs regarding our overpaid educators!
Horatio Supaflytio April 24, 2014 at 09:36 AM
Yall trippin on the real tip son! Stew is right on, time to pay our teachers minimum wage to be in accordance with that minimum schedule they's be workins!
John May 08, 2014 at 06:37 PM
Somebody has to do a better job of explaining the taxes...Is this just the township's part of the bill, schools, fire, county and open land, library are part of the TOTAL BILL 1356.06 is not the true estimate so how about telling the ENTIRE STORY....
Brian N May 08, 2014 at 10:53 PM
What makes you say that John?


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