East Windsor Township Adopts No Tax Increase 2022 Municipal Budget - No Municipal Tax Rate Increase for Ten Consecutive Years from 2013 through 2022

FOR RELEASE:  June 9, 2022

Mayor Janice S. Mironov announced that, despite the unprecedented challenges of the past two years, the adopted 2022 East Windsor Municipal Budget of $24,148,566 again contains NO TAX INCREASE.  Thus, the East Windsor municipal tax rate component has not increased for ten consecutive years, remaining at the rate of 43 cents per $100 of assessed valuation for the years 2013 through 2022.  For the current average residential assessment of $259,455, the 2022 municipal tax is $1,124.

Mayor Mironov stated, “This no tax increase budget 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 has maintained a very low debt level.   This positive budget no tax increase 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, “There were numerous challenges in the 2022 budget due to significant gaps in budged anticipated municipal revenues for several categories especially municipal court, as well as hotel tax, cable television franchise fees and major expenditure increases in the 2022 municipal budget for state health benefits, insurance, capital improvement fund and police department.

The Township tax base has increased by over $26 million for 2022, as East Windsor continues to be highly pro-active and successful in seeking to expand business opportunities and attract new commercial rateables.  Several new business openings have taken place, which included many new eateries such as Spice Wok and Simply Fruits in Windsor Center, Gyro King and Grill, Singas Famous Pizza and Chipotle in the Town Center Plaza, Popeye’s on Princeton Hightstown Road, the newly constructed McDonald’s on Route 130 and relocation of National Tree Company into the 608,442 square foot facility on Milford Road.

Mayor Mironov and Council Members continue pro-active efforts to seek grant and funding opportunities, to support local projects and needs, as well as to underwrite the Township’s response to the COVID-19 pandemic.  Additionally, the Township conducted permanent financing of all existing debt in 2020, resulting in a very low long term interest rate of 1.23% for 11 years, generating significant savings for the Township again in 2022.

The 2022 East Windsor municipal tax levy amount is well below the available state cap levy amounts.  It is noteworthy that while the Mayor and Council have introduced a no tax increase budget, the available tax levy cap allowance would have allowed a further increase of an additional 7.0 cents on the municipal tax rate.

Mayor Mironov thanked all of the Council Members, Manager and staff for their diligent efforts on the 2022 municipal budget.

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