HomeMy Public PortalAboutOrd. 15-11}Drh[1 1 t T.CJ?
15 -11
II
BOROUGH OF CARTERET
COUTY OF AIDDLESEX, NEW JERSEY
CALENDAR YEAR 2015
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: 4 -45.1 et seq., provides that in the preparation of it
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 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 bddlesex, fords 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 herefmabove that:
not appropriated as part of the final budget shall be retained as an exception to final appropriation in either of
the neat two succeeding years.
NOW THEREFORE BE IT ORDAINED, by the Mayor and Borough Council ofithe 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 year, the final appropriations of the Borough of Carteret shall, in
accordance with this ordinance and N.J.S.A. 40A: 4- 45.14, be increased by 3.5 %, amounting to $1,008,387.38,
and 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 heremabove 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 Directo .
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
YLS
NO
NY
A.U.
COUNCILMAN
'YES
NO
NV
A.D.
BR
X
luarl
X
DIAZ
X
yam I
X
DI Pk
X
ftg
X
X - Indicale Vote AD - Absent
NV - Not Voting XOR - ludicates Vote to Overrule Veto
Adopted on first reading of the Council of the Borough of Carteret, Ps I., on April 23, 415
Adopted on second reading after hearing May 14 2M
APPROV�,E
ON
I I
BOROUGH CLERK /J
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 29, 2015
T
S t
Notary PublicLNA4A *ICJ [*Aey Kathleen M. Barney, M C�
NOT PUBLIC �� NEW
hh�� JERSEY Municipal Clerk
Sworn and' u�s ecl'be'fore 2016
Me this L day of �, 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
county and state. One (1) time(s) once in each issue as follows:
May 20, 2015
MMC
$41.85
Notary Public of NeNfl @A *AIVERA Kathleen M. Barney, M1V� �
NOTARY PUBLIC OF NIM JAM?icipal Clerk
lY GQ�� cr IS �i I•! ► ' "L� PTA / 2 tl16
Sworn and ubsi before
Me this I day of ° d