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HomeMy Public PortalAboutOrd. 18-04AN wrbinanrt No. 18 -4 of #4e 3orrrug. gf C arteret �K OGH OF CARTEaT COUNTY OF MIDDLESEX, NEW JERSEY CALENDAR YEAR 2018 ORDINANCE TO EXCEED THE MUNICIPAL BUDGET APPROPRIATION LIMITS AND TO ESTABLISH A CAP BANK (N.J.S.A. 40A: 445.14) 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: 445.15a 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 2018 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 1.0% increase in the budget for said year, amounting to $330,620.21 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 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 2018 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 $1,157,170.74, and that the CY 2018 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. DO NOT USE SPACE BELOW THIS LINE RECORD OF COUNCIL VOTE COUNCILMAN YES NO NV A.B. COUNCILMAN YES NO NV A.B. FELLIM X jam X DIAZ X KRN X DD A90IO X NAPLES X X - Indicate Vote AB - Absent NV - Not Voting XOR - Indicates Vote to Overrule Veto Adopted on first reading of the Council of the Borough of Carteret, N.J., on Mardi 8 , 2018 Adopted on second reading aft ng on M=h 22, n8 APPRO ED PY MAYOR ON 13 / BOROUGH CLERK wo 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 14, 2018 Kathleen M. Barney, M Municipal Clerk ORDINANCE #18-4 BOROUGH OF CARTERS COUNTY OF MIDDLESEX, NEW JERSEY CALENDAR YEAR 2018 Sworn an c s4pscribe before me this day of i'(� t Z-61 ORDINANCE TO EXCEED THE MU- NICIPAL BUDGET APPROPRIATION LIMITS AND TO ESTABLISH A CAP BANK (NJ.S.A.40A:4- 45.14) The foregoing ordinance was in- troduced at a meeting of the Coun- cil of the Borough of Carteret held March 8, 2018 when it was adopted on first reading. The said ordinance will be further considered on sec- ond reading for final adoption at a i meeting of said Council of the Bor- ough of Carteret on March 22, 2018 at approximately 6:00 P.M., Borough Hall /Council Chambers, 61 Cooke Avenue, Carteret, New Jersey at which time and place all persons in- terested will be given an opportur i ty to be heard. Kathleen M. Barney, RMC /MMC Municipal Clerk 3/14/18 548.05 CARMELA POGORZELSKI NOTARY PUBLIC OF NEW JERSEY My Commission Expires 9/27/2022 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 28, 2018 Sworn and s, pbscribed before me this ®z' I day of Kathleen M. Barney, M Municipal Clerk ORDINANCE #18-4 BOROUGH OF CARTERET COUNTY OF MIDDLESEX, NEW JERSEY CALENDAR YEAR 2018 ORDINANCE TO EXCEED THE MUNICIPAL BUDGET APPROPRIATION LIMITS AND TO ESTABLISH A CAP BANK (NJ.S.A. 40A:4- 45.15) APPROVED AND ADOPTED: MARCH 22, 2018 INTRODUCED: MARCH 8, 2018 Advertised as Adopted on First Reading with notice of Public Hearing: MARCH 14, 2018 Hearing Held: MARCH 22, 2018 Approved By:MAYOR DANIEL J. REIMAN Advertised as Finally Adopted: MARCH 28, 2018 KATHLEEN M. BARNEY, RMC /MMC Municipal Clerk 3/28/18 $38.75 CARMELA POGORZELSKI NOTARY PUBLIC OF NEW JERSEY My Commission Expires 9/2712022 Q w v r a) V td c" x o N I Cd Cd 0 P-( � v �� cd a O r � ;8 0 �b V Cl) L o �CO G V w °'d Cl) ri d 0 N N 4° 0 �o 0 �b a p � E z° W X ap F N m ao c p W W O a ao UJ p n = 0 4 Q 0 0 p cr N Q + W U g W W W U z �o3¢�a� - ¢¢ 0 wad Z �� N Z zzz O ' o N ao¢ ©_ Z J ¢�� �¢ a CL R CL M V N � m ' p � N � Q Of mV o ¢ C dJ ��� �� ¢ V C 0¢ wV CL.< N ¢�_¢¢ �=¢ d C.W >¢ pry 3 �2¢z¢��gm, a p � E z°