2019 Proposed Tax Increase: Average home $310,736 Municipal Tax increase is $89.53

PARSIPPANY — At the Tuesday, February 19 Township of Parsippany-Troy Hills Township Council meeting, Business Administrator Keith Kazark presented the 2019 Municipal Budget to members of the Council and residents of Parsippany-Troy Hills.

The 2019 average home in the Township of Parsippany-Troy Hills is valued at $310,736.00. Based on the average, the MUNICIPAL portion of your tax bill will increase $89.53 per year, or a 4.72% increase. The amount will increase from 2018 which was at $1899.00 to $1988.00 in 2019.

The Township Council has scheduled two budget hearings for Tuesday, February 26 at 6:30 p.m. and Saturday, March 2, at 11:00 a.m. At that time they will meet with the Department Heads to review the budget and analysis and make possible cuts, if any.

The budget will be introduced at the Tuesday, March 16 Township Council meeting at 7:00 p.m.; The public hearing and final adoption is scheduled for Tuesday, April 16 at 7:00 p.m.

Budget Highlights Mandatory increases a total of $3,224,547 or 83.24%.

• Police Salaries & Wages are increasing $868,545. (+7%)
• The pension increase, for PERS and PFRS is $797,071.
• The debt service increase is $726,755.
• Blue Collar Salaries & Wages are increasing $307,875.(+3.5%)
• The 5-year Emergency for Retirement payouts result in a $150,426 increase.
• Social Security payments are increasing by $100,000.
• Tipping Fees for Solid Waste Collections are up $100,000.
• The RUT (Reserve for Uncollected Taxes) is increasing by $70,000.
• Radio Communication costs to County for the full year increased by $51,800.
• Due to the State Law increasing the Minimum Wage P/T lines items must be adjusted by $50,000.
• White Collar Salaries & Wages (2%) increase by$216,000.
• The Public Library increase, above the Statutory required amount is $367,644.
• The start of the TNR (Trap, Neuter, Release) program is a $25,000 increase.
• Payroll Processing and Grant Writer equal a $15,000 increase each (not budgeted for in 2018).

Budget Highlights Discretionary increases a total of $649,044 or 16.77%.

• White Collar Salaries & Wages (2%) increase by$216,000.
• The Public Library increase, above the Statutory required amount is $367,644.
• The start of the TNR (Trap, Neuter, Release) program is a $25,000 increase.
• Payroll Processing and Grant Writer equal a $15,000 increase each (not budgeted for in 2018).
• Daycare Center, $10.400

Proposed Property Tax Bill Breakdown
School Tax 65.77% $1.949
Municipal Tax 21.60% $0.640
Municipal Open Space 0.68% $0.020
Library 1.34% $0.040
County 10.26% $0.304
County Open Space 0.35% $0.010

 

Click here to download the slide show presentation, Mr. Kazmark presented at the meeting.

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