HomeMy Public PortalAboutordinance 04:07 MIDDLESEX COUNTY
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OFFICE OF
KATHLEEN M. BARNEY, RMC/CMC 61 COOKE AVENUE
MUNICIPAL CLERK CARTERET. NEW JERSEY 07008
MEMORANDUM
TO: MATTHEW U. WATKINS, DIRECTOR
DIVISION OF LOCAL GOVERNMENT SERVICES
DEPARTMENT OF COMMUNITY AFFAIRS
101 SOUTH BROAD STREET
P.O. BOX 803
TRENTON, NJ 08625-0803
FROM: KATHLEEN M. BARNEY, RMC/CMC
Municipal Clerk
DATE: FEBRUARY 25, 2004
SUBJECT: "CAP" ORDINANCE TO EXCEED INDEX RATE; INDEX RATE
LESS THAN 5% LIMITATION FOR THE YEAR 2004.
ENCLS: CERTIFIED COPY OF ORDINANCE #04-7. (2.) '~%/~ c pies
KMB/cp
cc: Treasurer
Hodulik & Morrison
File
BOROUGH OF CARTERET
COUNTY OF MIDDLESEX, STATE OF NEW JERSEY
"CAP" ORDINANCE TO EXCEED INDEX RATE;
INDEX RATE LESS THAN 5 % LIMITATION FOR Tl:rl~, YEAR 20t)4
(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 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 Cap 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 2004 has been certified by the Director of the
Di $_[o,n of.Local Gove ment Services in the Department of Co -m tv
as Z.D~/o; anO,
WHEREAS, the Mayor and Borough Council of the Borough of Carteret in the
County of County of Middlesex finds it advisable and necessary to increase its
2004 budget by more than 2.5 % 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 5%
increase in the budget for said year, amounting to $379,835.51 in excess of the
increase in final appropriations otherwise permitted by the Local Government Cap
Law which for budget year 2004 equaled 2.5% in the amount of $379,835.51, is
advisable and necessary.
NOW 'I'IiEREFORE BE IT ORDALN-ED, 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 2004 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 $759,671.02, and that the 2004 municipal budget for the Borough of
Carteret be approved and adopted in accordance with this ordinnnce; 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 withi~ 5 days of introduction; and,
BE IT FUR~I'H ~:R ORDAINED, that a certified copy of this ordinance upon
adoption, with the recorded vote included thereon, be filed with said Director
within 5 days a~er such adoption.
ye sox usa sv^c~ a~ow ~-ns u~
RECORD OF COUNCIL VOTL
COUNCILMAN YES NO NV A.B. COUNCILMAN YE~ NO NV
KRUH X RIOS X
~., NAPLES X SITARZ X
PARIST X SOSNO~SKI
X - Indicate Vot~ AB - Absent NV. Not ~otirlg XOR - [neli~,~ Vote to OYert~l¢ Veto
Adopted on first reading of the Council of the Borough of Carteret, N.J., on FEBRUARY 5 ~ 200/4
Adopted on second reading aiter hearing on Fahruarv 19. 200/4
Affidavit of Publication
Publisher's Fee $13.20Affidavit Charge $20.00
State of New Jersey } ss.
MIDDLESEX CouNTY
Personally appeared LINDA DIAZ
of the Home I~e~A~S T~i. bune, 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
~ times, once In each Issue, as follows
.~. ~,~ ,,, ~,,,,,~r~lD , ,
EXPlgE T. 2, 2005
- ~k/IY OOMMI$$10 sworn and subscribed befor~ me this
27th day of February, A.D., 2004
.O.D,"~"~C&.~.~
' CAP" OR
TO EXCEED INDEX
$~13.20~
Affidavit of Publication ------------
Publisher'sFee $62.92 Affidavit Charge $20.00
State of New Jersey } ss.
MIDDLESEX COUNTY
Personally appeared LINDA DIAZ
of the Z-Zome Z4ews T~bune, a newspaper printed In Freehold, NJ an~JPubilshed 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 publlsh~'d tn the said newspaper
1 (0lIE) times, once In each Issue, as follows
~9/94,
pATRI~,IA W TRWNRFNr)
NOTARY PUBLIC OF NEW JERSEY
MY COMMI,ggION i~OlRF,q OCT, 2 2005 A.D,,20~
sworn and subscribed be~re me this
9th day of February, A.D., 2004
BOROUGH OF CARTERET L~,