By AUBRIE GEORGE | The Moorestown Sun
Moorestown homeowners would pay the same in municipal taxes this year as they did last year if Council approves the budget it introduced last night.
The introduced 2010 municipal budget holds the tax rate at 0.326 cents per $100 of assessed home value, the same as it was under the 2009 budget. Under the proposed budget, the average homeowner in Mooretown would pay $1,756.81 in municipal taxes.
Township Manager Chris Schultz said the $22.8 million budget represents a $747,738, or 3.17 percent, reduction from last year’s budget. The budget includes a $550,000 loss in state aid and does not include the use of deferred school taxes.
After discussing a possible tax decrease under this budget, Council decided to instead keep the tax rate flat to protect against outstanding tax appeals that could hurt next year’s budget if more were heard and won this year than planned for.
The budget is scheduled for a public hearing and final adoption on July 12.
Council invited representatives from Greyhawk Construction and Kitchen and Associates to speak at last night’s meeting to outline their analyses for what went wrong after bids for the town hall project came in several million dollars over budget.
After hearing the team’s assessment and suggestions for a path forward, Council decided to hold a special meeting on June 21 to decide how they would like to proceed.
See a future print edition of The Sun for full coverage of last night’s meeting.
