BERKELEY – There is good news for township taxpayers in the 2015 budget: no increase in taxes.
The tax rate for municipal purposes will remain the same, at 60 cents per $100 of assessed value, under the $45.1 million budget, which the Township Council introduced Aug. 10.
Here are five budget facts:
• The total budget is $45,194,095, up $1,212,248 over the 2014 spending plan. That’s a 3 percent increase.
• The main reasons for the increase? Employee health insurance is up 11 percent, from $6,052,000 to $6,750,000. The reserve for uncollected taxes is up 10 percent, to $3,451,355. Tax appeals have increased in the wake of superstorm Sandy, officials have said.