UPDATE: Clark Preliminary Budget Down to 4.4 Tax Point Increase
A 4.4 point increase equates to a $44 increase on homes assessed at $100,000.
Update, Feb. 8: Mayor Sal Bonaccorso tells Patch that Business Administrator John Laezza now has the preliminary budget down to a 4.4 tax point increase, which equates to a $44 increase per $100,000 in home assessment.
Original Story, Feb. 6, 2013:
At Monday night's Clark Council meeting, members discussed a preliminary 2013 budget given to them by Clark Business Administrator John Laezza.
Council members are now in the process of reviewing the budget and addressing their questions and concerns.
The budget currently shows a six-point tax increase, which equates to a $60 increase per $100,000 in home assessment. Last year's budget had only a two-point increase, while 2011's budget had an 8.6-point increase.
Laezza told Patch this budget reflects $180,000 in emergency appropriations for Hurricane Sandy and a siginificant increase in paydown of the town's debt service, about $400,000 more than 2012.
The budget will be formally introduced at council's Feb. 19 meeting.