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Home My Public Portal AboutOrd. 12-05of to u IITD�S of U exP . BOROUGH OF CARTERET COUTY OF MIDDLESEX, NEW JERSEY CALENDAR YEAR 2012 ORDINANCE TO EXCEED THE MUNICIPAL BUDGET APPROPRIATION LI\UTS AND TO ESTABLISH A CAP BANK (N.J.S.A. 40A: 4-45.14) 'WHEREAS, 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 2.5 % unless authorized by ordinance to increase it to 3.5% over the previous year's final appropriations, subject to certain exceptions; and, WHEREAS, 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 tine County of Middlesex, funds it advisable and necessary to increase its CY 2012 budget by up to 3.5% 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 $997,537.63 in excess of the increase in final appropriations otherwise pemnitted 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 ORDAINED, by the Mayor and Borough Council of the Borough of Carteret, in the County of Middlesex, a majority of the full authorized membership of this governing body affirmatively concurring, that, in the CY 2012 budget year, the final appropriations of the Borough of Carteret shall, in accordance with this ordinance and N.M.A. 40A: 4 -05.14, be increased by 3.5 %, amounting to $997,537.63, and that the CY 2012 municipal budget for the Borough of Carteret be approved mid adopted in accordance with this ordinance; and, BE IT FURT13ER ORDAINED, that any that may 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, tut 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. RECORD OF COUNCIL VOTE COUNCILMAN YES NO RV A.B. COUNCILMAN YLS NO NN A. B. NkIL,PiD X tQt1P] __ DIAZ DAfL�CCO SZL4RZ X - Indicate Vote AB - Absenm NV - Not Voting XOR - Indicates Vole to Overrule Vero Adopted on first reading o e Council of the Borough of Carteret, N.J., on I`" - ch 22, 2012 Adopted on,sem d reach aft r hearing on Ap l 12, ?'112 APPROVED MA OR 13 YL nIhROI1f.H fI FRH t AFFIDAVIT OF PUBLICATION The following is a true copy of a Classified/Help Wanted Ad of the Borough of Carteret that has appeared in the Star Ledger, a newspaper which is printed in Newark, New Jersey and published in Essex County, of general circulation in said county and state. One (1) time(s) March 28, 2012 Notary Public of New Jerse LINDA A. RIV& o� in eac issue as follows: ORDINANCE #12 -5 BOROUGH OF CARTERET COUNTY. OF MIDDLESEX NEW JERSEY CALENDAR YEAR 2012 ORDINANCE TO EXCEED THE MUNICIPAL BUDGET APPROPRI - ATION LIMITS AND TO ESTAB- LISH A CAP BANK (NJSA. The Foregoing Ordinance 'was intro uce at a n"re meet ing of the council of the I Borough of Carteret held March 22, 2012 when It was adopted on First Reading. The said ordinance will be Curtner consivereq on sec- ond Reading for Final .Adoption at a meeting of said Council of the Bor- ough of Carteret on April 12, 2012 at approximately 6:00 P.M. Memorial Mu- nicipal Building, 61 Cooke Avenue, Carteret, New Jer- sey at which time and place all persons inter- ested will be given an op- portunity to be heard. KATHLEEN M. BARNEY, MMC municipal clerk PUBLISH• Wednesday. March 28, 201 The Star Ledqer $40.60 athleen A Barney, MM Municipal Clerk NOTARY PUBLIC OF NEW JERSEY MY COMMISSION EXPIRES MAY 2 2016 Sworn and Subscribed before Me this22&�_day of Z2 l Z AFFIDAVIT OF PUBLICATION The following is a true copy of a Classified /Help Wanted Ad of the Borough of Carteret that has appeared in the Star Ledger, a newspaper which is printed in Newark, New Jersey and published in Essex County, of general circulation in said county and state. One (1) time(s) once in each issue as follows: April 25, 2012 .1:5 22 [IpAI A. RIVERA NOTARi I J! -JLIC OF NEW JERSEY MY COWIMI AI LAPIRES MAY 2, 2016 Notary Public of New Jersey OT. PUD11C Hearle[J: .MARCH.'. 28 2012 Ne aring :wield: AURA 12, 2012 approved BY: MAYOR DANIEL 1..: REZMAN - advertised as Finally:.. adopted KATHLEEN M. DARNEY; MMC Municipal: c Jerk As ar, Kathleen M. Barney, MC Municipal Clerk Sworn and Subscribed before Me this) �4° day of C i