The Town of Secaucus recently released its 2024 budget, and the Secaucus Scoop is here to break down the highlights. While the overall budget remains relatively stable compared to 2023, some key differences could impact Secaucus residents.
Key Takeaways:
- Slight Budget Decrease: The total budget for 2024 is $75.8M, a marginal decrease from the 2023 budget of $76.4M.
- Increased Reliance on Local Taxes: While the overall budget is down, the amount to be raised through local property taxes is increasing by $2.5M.
- Investment in Public Safety: Despite the overall budget decrease, the budget for police equipment is increasing.
- Reduced Miscellaneous Revenues: The town anticipates a significant reduction in miscellaneous revenues, potentially reflecting a decrease in one-time federal funds.
- Swimming Pool Costs: The dedicated Swimming Pool budget has a small increase, with rising salaries and wages and debt service payments.
What This Means for You:
The increase in the local tax levy could result in a slightly higher property tax bill for residents. However, the budget reflects a continued commitment to essential services, including public safety, infrastructure, and recreation.
Have Your Say!
The Town Council will hold a public hearing on the budget on June 25, 2024, at 7:00 PM at the Municipal Government Center. This is your opportunity to ask questions, voice concerns, and learn more about how the budget will impact our community.