Municipal property taxes will remain stable in East Windsor

Municipal property taxes will remain stable for the 10th consecutive year in East Windsor.

East Windsor Township Council passed a $24.1 million budget at its June 7 meeting.

Officials said the property tax rate would remain at 43 cents per $100 of assessed value. The owner of a home valued at the township average of $259,455 will pay $1,124 in municipal property taxes, officials said.

Municipal property taxes are one component of a property owner’s total tax bill, which includes school district taxes and county taxes.

Municipalities rely on several sources of revenue to support the budget – from the use of surplus funds (savings) to miscellaneous revenues such as licenses, fees and permits, municipal court fines and fees, and a hotel tax. The rest is collected through property taxes.

Township officials will raise $12.3 million from residential and business owners in East Windsor to support the budget.

The 2022 budget includes revenue from liquor licenses totaling $32,950, municipal court fines and fees totaling $233,603, and hotel tax totaling $195,664.

In addition, the township will receive revenue from building code fees totaling $387,572 and shared service agreements for animal control, senior center and police dispatch services totaling $260,792.

Officials will apply $3.3 million from the township’s surplus fund to support the budget. The township’s state aid has remained stable since 2010 at $3.5 million.

On the expenditure side, the budget allocates $5 million for police department salaries and $349,102 for other expenditures, such as general administration, support services and training.

The Department of Public Works budget allocates $668,010 in salaries and $430,245 for road repairs, maintenance of municipal buildings and the municipal fleet of cars and trucks.

Mayor Janice Mironov said the township faces a number of challenges when preparing the budget.

“In the climate we’re in right now, some revenues haven’t reached where they should have been,” she said. “The expected revenue from the municipal court, hotel tax, cable television franchise fee and interest on earned investments were lower than expected.”

There have been increases in the budget for health benefits, insurance and the capital improvement fund.

Nonetheless, township officials said they were able to craft a budget that did not require a municipal property tax increase.

“This no-tax increase budget is a fiscally prudent budget document that serves our community and retains all existing levels of service,” Mironov said, noting that the tax base has increased by $26 million.

Township officials have taken steps to ensure permanent financing of all existing debt in 2020 at an interest rate of 1.23% for 11 years, which has continued to generate significant savings for the township, said she declared.

Melissa C. Keyes