Borough Budget Comes in Slightly Under State's Cap
The Record, Bergen County, NJ › April 13, 2011
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Summary
DEMAREST -- The Borough Council has introduced a $7.9 million budget that falls just below the 2 percent state-mandated tax levy cap.
The council and finance committee held more than a half-dozen budget meetings to whittle down the tax levy to $139 below the 2 percent cap, sparing the municipality from having to schedule a referendum and seeking voter permission to exceed it.See the full content of this document
Extract
Borough Budget Comes in Slightly Under State's Cap
"We started off close to $1 million above the cap, and the way it is now we fall $139 below the ca...
See the full content of this document
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