“Paterson property tax up 10%” plus 3 more |
- Paterson property tax up 10%
- Paterson property tax up 10%
- Sylvania Township trustee vote kills chance for TARTA sales tax
- Property-tax hike proposed
Posted: 02 Jun 2010 09:58 AM PDT Message from Five Filters: If you can, please donate to the full-text RSS service so we can continue developing it. PATERSON — The City Council has adopted a 2010 fiscal year budget that includes a tax increase of hundreds of dollars for the owner of a home assessed at the city average. The $225.1 million budget is up from last year's $208.1 million. Budget Director Russ Forenza said the owner of a property assessed at $350,000, the city's average, will pay about $376 more for a total city tax of $3,938.50. That's a 10 percent increase from fiscal year 2009's $3,562 municipal tax bill. An increase in the current quarterly tax bill alone will amount to $215 for the average-assessed property. The tax bill was sent out Friday. Taxpayers are seeing an increase for two reasons: the city fell far short of selling vacant lots in an April property sale, bringing in $3.2 million rather than an anticipated $12 million. And, unlike last year, state officials are not permitting the city to postpone pension payment obligations, adding $9.5 million in revenues to be collected. Finance Director Tony Zambrano said part of the reason for the delay in adopting the budget was the flooding from this spring's nor'easter, which caused some auctions for property sales to be rescheduled. One council member raised concerns that the budget adoption — a month later than normal — is cutting it too close to raise sufficient revenue. "It creates a cash shortage. I think it's irresponsible," 6th Ward Councilman Andre Sayegh said in a phone interview Tuesday. Residents typically have a month to fully pay their tax bills from the time they receive them. The city expects to collect $104 million from taxpayers. Resident Quincy Battis said he didn't want homeowners to "point the blame" at Mayor-elect Jeffery Jones, "when this occurred under the watch of Mayor Joey Torres." He said he believes the tax bills were postponed until after the May 11 municipal election. But Torres said the reason the tax bill was held had nothing to do with the election. "He doesn't know what he's talking about," Torres said of Battis. "We were trying to get legislators to waive our pension payments." At-Large Councilman Kenneth Morris said the city couldn't adopt the budget until May because it had to wait and see exactly how many sales of city-owned property it could make. Meanwhile, Morris said, several successful commercial property developments helped to offset taxpayers' burdens. "If it had not been for the additional revenue from Center City and the development of Route 20, the situation would be direr than it is now," he said. City employees' salaries and benefits make up the largest portion of the budget. The city employs 786 people and an additional 100 employees are hired through various grants. The police budget is $43.8 million, down from last year's $43.9 million; the Fire Department's budget increased to $30.5 million from $26 million last year. E-mail: mandell@northjersey.com Five Filters featured article: Into the Abyss. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
Posted: 02 Jun 2010 09:51 AM PDT Message from Five Filters: If you can, please donate to the full-text RSS service so we can continue developing it. PATERSON — The City Council has adopted a 2010 fiscal year budget that includes a tax increase of hundreds of dollars for the owner of a home assessed at the city average. The $225.1 million budget is up from last year's $208.1 million. Budget Director Russ Forenza said the owner of a property assessed at $350,000, the city's average, will pay about $376 more for a total city tax of $3,938.50. That's a 10 percent increase from fiscal year 2009's $3,562 municipal tax bill. An increase in the current quarterly tax bill alone will amount to $215 for the average-assessed property. The tax bill was sent out Friday. Taxpayers are seeing an increase for two reasons: the city fell far short of selling vacant lots in an April property sale, bringing in $3.2 million rather than an anticipated $12 million. And, unlike last year, state officials are not permitting the city to postpone pension payment obligations, adding $9.5 million in revenues to be collected. Finance Director Tony Zambrano said part of the reason for the delay in adopting the budget was the flooding from this spring's nor'easter, which caused some auctions for property sales to be rescheduled. One council member raised concerns that the budget adoption — a month later than normal — is cutting it too close to raise sufficient revenue. "It creates a cash shortage. I think it's irresponsible," 6th Ward Councilman Andre Sayegh said in a phone interview Tuesday. Residents typically have a month to fully pay their tax bills from the time they receive them. The city expects to collect $104 million from taxpayers. Resident Quincy Battis said he didn't want homeowners to "point the blame" at Mayor-elect Jeffery Jones, "when this occurred under the watch of Mayor Joey Torres." He said he believes the tax bills were postponed until after the May 11 municipal election. But Torres said the reason the tax bill was held had nothing to do with the election. "He doesn't know what he's talking about," Torres said of Battis. "We were trying to get legislators to waive our pension payments." At-Large Councilman Kenneth Morris said the city couldn't adopt the budget until May because it had to wait and see exactly how many sales of city-owned property it could make. Meanwhile, Morris said, several successful commercial property developments helped to offset taxpayers' burdens. "If it had not been for the additional revenue from Center City and the development of Route 20, the situation would be direr than it is now," he said. City employees' salaries and benefits make up the largest portion of the budget. The city employs 786 people and an additional 100 employees are hired through various grants. The police budget is $43.8 million, down from last year's $43.9 million; the Fire Department's budget increased to $30.5 million from $26 million last year. E-mail: mandell@northjersey.com Five Filters featured article: Into the Abyss. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
Sylvania Township trustee vote kills chance for TARTA sales tax Posted: 02 Jun 2010 03:21 AM PDT Message from Five Filters: If you can, please donate to the full-text RSS service so we can continue developing it. Barring a change of heart, TARTA's offer to provide some property-tax relief in exchange for a half-cent sales tax is dead. Mr. Jennewine agreed. thenry@theblade.com or 419-724-6079. Five Filters featured article: Into the Abyss. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
Posted: 01 Jun 2010 07:47 PM PDT Message from Five Filters: If you can, please donate to the full-text RSS service so we can continue developing it. PAWTUCKET –– After many residents felt the impact of a property-tax rate increase this year, Mayor James E. Doyle's proposed budget for city services and schools beginning July 1 goes to a public hearing Wednesday and calls for another tax hike. As proposed, the budget would require a residential property-tax rate increase of 84 cents per $1,000 of assessed valuation. But the amount of state aid the city will get in the next budget year is in question. The House Finance Committee last week announced a state budget plan that would eliminate almost all of next year's motor vehicle excise-tax phaseout program reimbursement to communities. Pawtucket's payment would drop from the budgeted $10,090,288 this year to $760,471 in the new budget year. If a cut of that size occurs, "we have a real predicament, we have a problem," said Finance Director Ronald Wunschel. He said that it could affect local taxes, spending on services and personnel, or a combination. The budget hearing is at 6:30 p.m. at City Hall. As presented, the budget would increase the residential property-tax rate to $18.62 per $1,000 of assessed valuation, compared with the current $17.78 per $1,000. A property owner whose house is assessed at $190,000 would see about a $160 tax increase, according to Wunschel. The mayor's budget is $202.7 million, down from this year's $204 million. That includes $91.2 million for schools and $111.5 million for municipal departments. The school proposal is a 3.6-percent decrease from this year while the city-side proposal is a 1.95-percent increase. The tax levy would increase 4.49 percent — to $92.26 million from $88.29 million this year — which is just under the 4.75-percent state cap on levy increases. The other major source of revenue for the city is state aid.
Five Filters featured article: Into the Abyss. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
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