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HomeMy Public PortalAboutOrd. 22-02MrblunnU No. #22 -2 of tht '�Rjarough of Ta rfer #,''' 3a BOROUGH OF CARTERET COUNTY OF MIDDLESEX, NEW JERSEY CALENDAR YEAR 2022 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 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 filial 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 2022 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 $366,523.96 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 tine 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 2022 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 $1,282,833.86, and that the CY 2022 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 five 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. r. ACCORD OF COUNCIL VOTE COUNCILMAN YES NO NV AM. COUNCILMAN YES NO NV A.B. BELLINO X JOHAL X DIAZ X DIMASCIO X NAPLES X ndicate Vote AB- Absent NV -Not Vodng XOR- Indicates Votefo Overrate Veto reading of the Council of the Borough of Carteret, N.J. on nd reading after hearing on February 24, 2622 r February 10, 2022 Yom- ' a 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: February 16,2022 / r Carinela PogorzeAki,,, C( ,) Municipal Clerk Notary public of New Jersey DANAARCHEVAL NOTARY PUBLIC OF NEW JERSEY My Commission Expires Jan. 12, 2027 Sworn and subscribed before me this 16 4h day of c 0- � 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: t March 2, 2022 �� 4 Carmela Pogot'iel ki,* Ca Municipal Clerk Notary Public of New Jersey DANA ARCHEVAL NOTARY PUBLIC OF NEW JERSEY My Commission Expires Jan. 12, 2027 Sworn and subscribed before me this ? "b day of k(at,,-A ,�(3,2 7;?