HomeMy Public PortalAboutOrd. 15-08(Or1(�YCkCcCl U
No.
of�zrur�, J
BOROUGH OF CARTERET
COUTY OF NHDDLESEX, NEW JERSEY
CALENDAR YEAR 2015
ORDINANCE TO EXCEED THE i•IUNICIPAL BUDGET APPROPRIATION LLVHTS
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 1.5% unless authorized by ordinance
to increase it to 3.5% over the previous year's final appropriations, subject to certain excepfions; 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 2015 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 $576,221.36 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 hvo 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 2015 budget yen, the Baal 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 $1,008,387.38,
Bud that the CY 2015 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 COUNCII, VOTF.
COUNCILMAN
YE S
NO
NY
A.U.
COUNCILMAN
- YES
NO
NY
A.U.
eFfLrrD
X
fibl
X
Drat
X
MMIS
X
DI P 0
X
x
X - Indicate Vote All - Absent NV - Not Voting XO4. - Indicates Vote to Overrule Vero
Adopted on.first reading of the Council of Ole Porn�yyggh
r191t11 L1)
Adopted on second reading after earipg mt
APPROVED BY uti✓t
ON t Ai,IYOR
-
BOROUGH CLERK
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
county and state. One (1) time(s) once in each issue as follows:
March 18, 2015
BOROUGH
<COUNTYOEI
NEWJ
>`CALENDAR
ORDINANCE, TO I
at
be further considered on
Reading for Final Adoptioi
ring of said Council ofths
1 of Carteret on March. 26,
Carteret, New Jersey at
and place all persons lr
III be given an opportu
,ird.
I LEEN M. BARNEY, MMC
cipai Clerk
2015 - 543:
Notary Public of New Jersey Kathleen M. Barney,
Municipal Clerk D
Sworn and Subscribed before
Me this day of '� ca, 1
19" v S;
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
county and state. One (1) time(s) once in each issue as follows:
April 2, 2015