HomeMy Public PortalAboutOrd. 16-08No. 16 -8 of toe
I, Porog4 of aartere#, �'_ T-
BOROUGH OF CARTERET
COUTY OF NIIDDLESEX, NEW JERSEY
CALENDAR YEAR 2016
ORDINANCE TO EXCEED THE MUNICIPAL BUDGET APPROPRIATION LIi\IITS
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 at seq., provides that in the preparation of its
annual budget, a municipality shall limit any increase in said budget up to 0.0% 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 Nfayor and Borough Council of the Borough of Carteret, in the County of Nfiddlesex, finds it
advisable and necessary to increase its CY 2016 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 $1,047,447.42 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 ORDAINED, by the Nfayor 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 2016 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 $1,047,447.42,
and that the CY 2016 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; Bud,
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.
DO NOT USE SPACE BELOW THIS LINE
RECORD OF COUNCIL VOTE
COUNCILMAN
YES
NO
NN
A.B.
COUNCILMAN
YES
NO
NV
A.B.
P.E120
M
DIAZ
X
X - Indicate Vote AB - Absent NV - Not Voting
XOR - Indicates Vote to Overrate Veto
Adopted on first reading of the Council of the Borough of Carteret, N.J., on ftch 24, 2016
Adopted on second re after hearing
APPROVED BY nr YOR
ON L.
BOROUM C LE 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:
March 31. 2016
Notary Public of New Jersey Kathleen M. Barney, "C
Municipal Clerk
rte tins d pf ) to u�l f B
NOTARY Pum.,Ir OF NEW JERSEY
MY COMMISSION EXE KS MAY 2, 2016
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 20, 2016
Notary Public of New Kathleen M. Barney, M
LINDA A. RIVERA Municipal Clerk
NOTARY PUBLIC OF NEW JERSEY
MY COMMISSION EXPIRES MAY 2
Sworn and Subscribed before
Me this�2. , day of / /