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competent jurisdiction, such portion shall be deemed a separate, distinct and independent provision, and such holding shall not affect the validity of the remaining portions hereof. SECTION IV. This Ordinance shall take effect after second reading and publication as required by law.
DATE:
MAYOR MICHAEL REINA
NOTICE IS HEREBY GIVEN that the foregoing Ordinance was introduced and passed by the Township Council on first reading at a meeting of the Township Council of the Township of Jackson held on the 13th day of April, 2021, and will be considered for second reading and final passage at a regular meeting of the Township Council to be held on the 27th day of April, 2021, at 7:30 p.m., at the Township Municipal Building, located at 95 West Veterans Highway, Jackson, New Jersey, at which time and place any persons desiring to be heard upon the same will be given the opportunity to be so heard.
Janice Kisty, RMC
Jackson Township Clerk
Business Administrator Wall- Stated this PowerPoint Presentation will be on the website. Trish Schwark who's a key part of our finance department and the finance team is also with me this evening. There are four different levels of approval to make sure that every dollar is spent wisely. Through the year we track that budget and make sure we stay on budget. Stated the Municipal budget for 2019 was at $44,789,987.87 and the budget for 2020 was $47,536,243.22. The Proposed 2021 budget is $49,376,079.84.
Councilman SAUICKIE- Asked if Jackson still has an AA+ rating, commercial revenue 8 1/2 percent asked how that compares to other towns.
Business Administrator Wall- He responded he believes the town still has the AA+ rating. He also responded to Councilman Sauickie’s question on commercial ratables and the imbalance between residential and commercial. Commercial projects in the pipeline should help to stabilize the imbalance between the residential and commercial taxes.
Council President Kern- Budget increase up 1.85 percent. What does that make full levy for 2021?
Business Administrator Wall- Stated that was $34,268,855.32
Council President Kern- Wanted to know the tax amount per $100 of assessed value.
Business Administrator Wall- Stated .501/$100.
Council President Kern- Complimented lowering debt services, fiscally watching every dollar.