HomeMy Public PortalAboutOrd. 11-003No. 11 -3 Vf 14L
Pvxnq4 Vf TUrIL>rd, �qM J.
BOROUGH OF CARTERET
COUTY OF MIDDLESEX, NEW JERSEY
CALENDAR PEAR 2011
ORDINANCE TO EXCEED THE MUNICIPAL BUDGET APPROPRIATION LIMITS
AN'D TO ESTABLISH A CAP BANK
(N.J.S. A. 40A: 4- 45.14)
11HEREAS, the Local Government Cap Law, N.J.S. 40A: 4 -45.1 et seq., provides that in,the preparation of its
annual budget, a municipality shall limit any increase in said budget up to 2.0% unless authorized by ordinance
to increase it to 3.5% over the previous year's final appropriations, subject to certain exceptions; and,
NVIIEREAS, N.J.S.A. 40A: 4- 45.15a provides that a municipality may, when authorized by ordinance,
appropriate the difference between the amount of its actual final appropriation and the 3.5% percentage rate as
an exception to its final appropriations in either of the next two succeeding years; and,
WHEREAS, the Mayor and Borough Council of the Borough of Carteret, in the County of Middlesex, finds it
advisable and necessary to increase its CY 2011 budget by up to 3.5Xu over the previous year's final
appropriations, in the interest of promoting the health, safety and welfare of the citizens; and,
WHEREAS, the Mayor and Borough Council hereby determines that a 3.5% increase in the budget for said
year, amounting to S 969,932.56 in excess of the increase in final appropriations otherwise permitted by the
_Local Government Cap Law, is advisable and necessary; and,
WHEREAS the Mayor and Borough Council hereby determines that any amount authorized hereinabove that is
not appropriated as part of the final budget shall be retained as an exception to final appropriation in either of
the next two succeeding years.
NOW THEREFORE BE IT ORDAEED, by the Mayor and Borough Council of the Borough of Carteret, in
the County of ivfiddlesex,.a majority of the full authorized membership of this governing body affirmatively
concurring, that, in the CY 2011 budget year, the final appropriations of the Borough of Carteret shall, in
accordance witiu this ordinance and N.J.S.A. 40A: 4- 45.14, be increased E by 3.5 %, amounting to $969,932.56,
and that the CY 2011 municipal budget for the Borough of Carteret be approved and adopted in accordance
With this ordinance; and,
BE IT FURTHER ORDAINED, that any that any amount authorized hereinabove that is not appropriated as
part of the final budget shall be retained as an exception to final appropriation in either of the next two
succeeding years; and,
BE IT FURTHER ORDAINED, that a certified copy�of this ordinance as introduced be filed with the Director
of the Division of Local Government Services within 5 days of introduction; and,
BE IT FURTHER ORDAINED, that a certified copy of this ordinance upon adoption, with the recorded vote
included thereon, be filed with said Director within 5 days after such adoption.
BELOW THIS
RECORD OF COUNCIL VOTE
COUNCILMAN
YES
NO
NV
A.B.
COUNCILMAN
YES
NO
NV
A.B.
BUL
X
ME
X
X
NWUP S
X
DI M%S(A0
X - Indicate Vote AB - Absent NV - Not Voting XOR - Indicates Vote to Overrule Veto
Adopted on first reading of
the Council of the Borough of Carteret, N.1., on
March 3, 2011
March 24, 2011
1
Adoptedon second reading
after hearing on
w
APPROVED BY
r
MAYOR
'C
BOROU c -B K
BOROM OF CARTERET
AFFIDAVIT OF PUBLICATION
The following is a true copy of an Ordinance or Resolution of
the Borough of Carteret that has appeared in the Home News
Tribune, a newspaper which is printed in Freehold, New
Jersey and published in Neptune, in said County and State and
of general circulation in said county. One 1 time(s), once in
each issue as follows:
March 8, 2011
Notary Public of New Jersey
LINDA A RIVERA
NOTARY PUBLIC OF NEW JERSEY
MY COMi'0 EXPIRES MAY 2, 201 - 1
Sworn and subscribed before
me this q,,V) day of
/
Kathleen M. Barney, MMC
Municipal Clerk
BOROMORARTMET
2011
201T
REAMN
2011
303537
AFFIDAVIT OF PUBLICATION
The following is a true copy of an Ordinance or Resolution of
the Borough of Carteret that has appeared in the Home News
Tribune, a newspaper which is printed in Freehold, New
Jersey and published in Neptune, in said County and State and
of general circulation in said county. One 1 time(s), once in
each issue as follows:
March 31, 2011
Notary Public of New Jersey
LINDA A RIVERA
NOTARY PUBLIC OF NEW JERSEY
MY C0 .)g)AISSION EXPIRES MAY 2, 2011
Sworn and subscribed before
me this 'f- day of
C�Ci I I 4
athleen M. Barney, MMC I
Municipal Clerk
BOROUGH OF CARTERET
BOROUGH OF CARTERL7
OF MIDDLES NEW -
CALENDAR YEA0 EX 2 JERSEY
N O W
"CE TO EXCEED THE MUNICIPAL.
TO ESTABLISH A BANK
D AN D.A 40A:4- 45.14)
MARCH 24 2011
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IS13. p0) 303537