HomeMy Public PortalAboutOrd. 14-07�.tI�tXC2tkTi:e
No. 14.-7 of foe
36olroltab of Tirlaef, N_ �)
BOROUGH OF CARTERET
COUTY OF bHDDLESEX, NEW JERSEY
CALENDAR YEAR 2014
ORDINANCE TO EXCEED THE MUNICIPAL BUDGET APPROPRIATION LIMITS
- AND TO ESTABLISH A CAP BANK
(N. J.S.A. 40A: 4- 45.14)
WHEREAS, the Local Government Cap Law, N.J.S. 40A: 445.1 et seq., provides that in the
preparation of its annual budget, a municipality shall limit any increase in said budget up to .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 the County of
Middlesex, finds it advisable and necessary to increase its CY 2014 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 $862,804.35 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 deternines 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 aff nnatively concurring, that, in the CY 2014 budget year, the final
appropriations of the Borough of Carteret shall, in accordance with this ordinance and N.J.S.A.
40A: 445.14, be increased by 3.5 %, amounting to $1,006,605.08, and that the CY 2014
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.
RECORD OF COUNCIL VOTE
COUNCILMAN
YES
NO
NV
A.D.
COUNCILMAN
ES Y
NO
NV
A D
2141111
mrl
X
DIAZ
F
X
_DI P1a` -gQ
SCFAB�
X
X - Indicate Vole AB - Absent NV - Not Voting
XOR -Indicates Vole to Overrule Veto
Adopted on first reading of the Council of the Borough of Carteret, N.J., on March 6, 2014
Adopted on second reading after hearing on March 20, 2014
APPROVED BY
i °fi 44 brAY R
ON
cLEKK
AFFIDAVIT OF PUBLICATION
The following is a true copy of an Ordinance or Resolution 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 ,
2014county and state. One (1) time(s) once in each issue as
follows:
March 12, 2014
Notary Public of New Jersey
LINDA A. RIVERA
NOTARY PUBLIC OF NEW JERSEY
Kathleen M. Barney, M
Municipal Clerk
Swori �an ie
lSe °for 2016
ON
Me this 13.44 day of ,�1;f
AFFIDAVIT OF PUBLICATION
The following is a true copy of an Ordinance or Resolution 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 ,
2014county and state. One (1) time(s) once in each issue as
follows:
April 2, 2014
Notary PtLft# Alersey
NOTARY PUBLIC OF NEW JERSEY
MY COMMISSION EXPIRES MAY 2, 2016
Kathleen M. Barney, M, C
Municipal Clerk
Sworn and Subscribed before
Me this day of i