The Maplewood Township Committee will hold a hearing with plans to vote on a 2018 budget of $45,006,883 at its April 17 meeting. If passed, the budget will increase Maplewood residents’ municipal taxes by 1.92%. The average residential property owner (with a value of $497,500) will pay $78.17 more in municipal taxes in 2018. While the town is seeing increased revenue ($150K in Woodland rentals, $300K from Avalon Bay, $600K from a state grant for paving), the Township has also seen increased expenses in storm cleanup ($100K), health and liability insurance, pension payments and salaries. The Township is also leaving $2 million in its fund balance in order to assure a high credit rating as interest rates increase.
The Township has made the budget available on its website here (thanks to Township Administrator Joseph Manning for forwarding the link), or you can read the downloaded PDF below.
See recaps of the South Orange Township, Essex County, and South Orange-Maplewood School District budgets here.