Council Still Facing Tax Hike in Latest Budget

To avoid a tax increase, Moorestown council members will need to close a $1 million gap—a near-impossible task, according to the township manager.

As it stands now, the township needs to close a $1 million gap to avoid a tax increase in this year’s budget. Talking over the latest draft of the budget Thursday morning, the consensus among members of township council was none of them were terribly happy with the budget. In its current form, the $22.9 million budget increases the tax levy by $1,011,900 from last year, a 2.6 cent (or 7.83 percent) increase from 2011’s tax rate. Based on that increase, a taxpayer with a home assessed at the township average of $529,800 would pay $1,896.68 in municipal taxes, a $137.74 increase from last year. Because the township's budget didn't hit the state-imposed 2 percent cap last year, it was allowed (by law) to "bank" the difference and use it to …

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