East Windsor Township Adopts No Tax Increase 2019 Municipal Budget Same Municipal Rate For Seven Consecutive Years From 2013 Through 2019
Published on Apr 18, 2019 at 11:55a.m.
Mayor Janice S. Mironov announced that the 2019 East Windsor Municipal Budget, adopted on April 16, contains NO TAX INCREASE. Thus, the 2019 municipal tax rate component remains the same for seven consecutive years, at the rate of 43 cents per $100 of assessed valuation for the years 2013 through 2019. For the average current residential assessment of $258,825, the 2019 municipal tax is $1120.
Mayor Mironov continued, “The East Windsor municipal component of the total local property tax bill remains at less than 15%. The East Windsor municipal tax component is among the lowest amounts in the entire region and well below the statewide average.” Mayor Mironov added, “And yet we continue to deliver a very high quality level of services to our residents.”
Mayor Mironov stated, “This is a fiscally conservative budget document which well serves our community and retains all existing service levels. East Windsor has worked hard to keep our spending levels tight and continually seek out additional efficiencies, cooperative purchasing avenues and service sharing opportunities, and maintained a very low debt level. This positive outcome results from the pro-active efforts of the Township to carefully plan and to closely monitor expenditures and revenues throughout the year.”
Mayor Mironov noted that the 2019 municipal budget reflects several cost savings and revenue generating measures, as well as reflecting that East Windsor has been highly pro-active and successful in supporting existing business and seeking to expand business opportunities and attract new commercial ratables. Mayor Mironov stated that the Township 2019 tax base has increased by $5 million (to $2,816,006,710 in 2019) and also resulted in generating significant new revenue. In addition to many new stores and restaurant openings in the various shopping centers, several new major developments and business expansions include: the redevelopment of the former National Lead site on Wyckoff Mills Road (635,000 square feet) and the opening of Modway Furniture, the significant Hovione expansion doubling the size of their facility, the Aurobindo Pharma facility (599,000 square feet) on Windsor Center Drive, and LG Electronics on Milford Road (411,000 square feet).
The 2019 municipal budget of $22,437,174 represents a slight reduction from the 2018 approved budget of $22,445,510. The 2019 municipal tax levy amount is well below the available state cap levy amounts. While the Mayor and Council have introduced a no tax increase budget, the available tax levy allowance would enable a further increase of $2,105,828 that is an additional 7.5 cents on the municipal tax rate.
Mayor Mironov noted that, “At the same time, the State of New Jersey continues to flatline municipal state funding and unjustly divert millions and millions of municipal dollars which should be going to towns for property tax relief for our taxpayers.”