HomeMy Public PortalAboutordinance 03:03No. O3-O3 tlte
"CAP" ORDINANCE TO EXCEED INDEX RATE;
INDEX RATE LESS THAN 5% LIMITATION FOR THE YEAR 2003
(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 atmual budget, a municipality shall limit any increase iff said
budget to 5% or the index rate, whichever is less, over the previous year's final
appropriations, subject to certain exceptions, and
WHEREAS, P.L. 1986, C. 203 amended the Local Government Ca~ Law, to
provide that a municipality may, in any year in which the index rate is less than 5%,
increase its final appropriations by a percentage rate greater than .the index rate but not to
exceed the 5% rate as defined in the amendatory law, when authorized by ordinance; and
WHEREAS, the index rate for 2003 has been certified by the Director of the
Division of Local Government Services in the Department of Community Affairs as
1.0%; 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 2003 budget by more
than 1.0% 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 5%
increase in the budget for said year amounting to $721,672.00 in excess of the increase in
final appropriations otherwise permitted by the Local Government Cap Law which for
budget year 2003 equaled 1%, in the amount of $180,418.00, is advisable arid necessary.
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 2003 budget
year, the final appropriations of the Borough of Carteret shall, in accordance with this
ordinance and P.L. 1986, C. 203, be increased by 5%, amounting to $902,090.00, and
that the 2003 municipal budget for the Borough of Carteret be approved and adopted in
accordance with this ordinance; and
BE IT FURHER ORDAINED, that a certified copy of this ordinance as
introduced be filed with the Director of the Division of Local Go~'ernment 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.
KROI~ X RIOS X
NAPLES X S ITARZ X
PARISI X SOSNOWSKI 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 FEBRUARY 5 ~ 2003
Adopted on second reading after hearingon Fabruary 20, 2003
. YoR
Affidavit of Publication
Publisher's Fee $64.24 Affidavit Charge $17.00
State of New Jersey } ss.
MIDDLESEX COUNTY ~ ~1~, ~0~,1,
Personally appeared LINDA DIAZ
of the Home Hews 'l'ri. bune, a newspaper printed In Freehold, NJ and published In NEPTUNE, tn sa~d
County and State, and of general circulation In said county, who being duly sworn, deposeth and salth
that the advertisement of which the annexed is a true copy, has been published in the said newspaper
I (O#E~ times, once In each Issue, as follows
A.D.,~
NOTARY PUBLIC OF NEW JERSEY Sworn and subscrl~Jed before me this
- ~VIY CO~M~,,~.~3~ EXPIRES OCT. 2, 2005
N~ta~P"~ic'~f N~w Jersey t
~TR~ER a. ~SN~. RaC/CaC
WHEREAS, the L~al Government Cap Law, N.J.S.
40A:4-451 et seq., provides that in the preparation
o ts annual budget a municipality shall hmit any
increase in said budget to 5% or the index rate,
whchever is less over the previous year's final
ap ro riaUons, sub'~t to certain exceptions, end
Government Cap Law to provide that a municipali-
may in any year in which the index rate is less
percenta e rate reater than the index rate but Rot
to excee~ the 5~ rate as defined in the amendato-
ry law, when authorized by ordinance; and
WHEREAS, the index rate for ~3 has been
certified by the Director of the Division of L~al
Government Services in the Oepartment of Com-
Borough of Carteret in the Count of Middlesex
finds It advisable and necessary ~o increase its
2~3 budget by more than l.O~ over the previous
year's ne appropriations in the interest of pro-
moting the health, safety and weJfare of the c t-
WHEREAS, the Mayor and Borough Council here*
by determ nas hat a 5% increase in the budget for
sa d year amounting to $721 672,~ in excess of
mitted by the L~al Government Cap Law which for
$180,4~8.00, is advisable and necessary.
NOW THEREFORE BE IT ORDAINED, by the Mayor
and Borough Council of the Borough of Carteret, in
the Court y of Middlesex a ma ority of the full
authorized membership of this governing body affir-
matively concurring, that, in the 2~3 bUdof ~ar teretet year,
the final appropriations of the Borough
shall, in ~cordance with this ordinance and P~
1986, C 203, be increased by 5%, amounting to
$902 090.00 and that the 2003 municipal budget
B~ IT FURTHER ORDAINED, that a certified copy
Director of the Division of Local Government Ser-
vote included thereon, be filed with said D rector
hed February 5 2~3 when it was adopted on Fi[st
to be heard
Affidavit of Publication
Publisher's Fee $14.08 Affidavit Charge $17.00
State of New Jersey } ss.
MIDDLESEX COUNTY ·
Personally appeared LINDA DIAZ
of the Hot-~e News ~'ribune, a newspaper printed In Freehold, NJ and published In NEPTUNE, In said
County and State, and of general circulation In said county, who being duly sworn, deposeth and salth
that the advertisement of which the annexed Is a true copy, has been published In the said newspaper
1 (O#E) times, once In each Issue, as follows
PATRICiA W,
MY COMMISSION EXPIRES OCT. 2, 2005
//
Sworn and subscribed before me this
~.~.~//~/ ~ ~ i/~,~ ~._~ //~/ 25th day of February, A.D., 2005
Notary Public of Ne~ Jersey ! --' ! -- /
BOROUGH OF CARTERET
(S14.08) 29336