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HomeMy Public PortalAboutr 09:131 ~hzdntiott of tfre fj.aronZ1fr of ([arurd1 ;N~. W ~ No.09-131 Date of Adoptiol1 li T\P 11, ?('fJ) RESOLUTION AUTHORIZING THE BOROUGH OF CARTERET TAX COLLECTOR TO PREPARE AND MAlL ESTIMATED TAX BILLS IN ACCORDANCE WITH P.L. 1994, c.72 'VHEREAS, due to the late adoption of the Borough ofCarteret's Budget, the Middlesex County Board of Taxation is unable to certify tax rates for the Borough of Carteret and the Tax Collector will be unable to mail the Borough's 2009/2010 tax bills on a timely basis; and \VHEREAS, the Borough of Carteret Tax Collector/Chief Financial Officer has computed an estimated tax levy in accordance with NJSA 54:4~66.3 and have signed a certification showing the tax levies for the prior year, the tax rates and the range of permitted estimated tax levies: NOW, THEREFORE, BE IT RESOLVED, by the Mayor and the Council of the Borough of Carteret, in the County of Middlesex and the State of New Jersey on this day of 11 ill day of June, 2009, as follows: 1. The Carteret Tax Collector is hereby authorized and directed to prepare and issue estimated tax bills for the Borough of Carteret for the third installment ofthe 2009 taxes. The Tax Collector shall proceed and take such actions as are pcnnitted and required by P.L. 1994, c.72(NJSA 54:4-66.2 and 54:4-66.3) 2. The entire estimated levy for 2009 is hereby set at $ 5.194. 3. In accordance with the law the third installment of2009 taxes shall not be subject to interest until the later of August lOth or the twenty-fifth calendar day after the date the estimated bill are mailed. The estimated tax biBs shall contain a notice specifying the date on which interest may begin to accrue. ktpte:l this 11th day of .JlIE, '2ffE an:! certifie::l as a tru2 c.cj:o/ of tte orig:iml on JLre 12, '2ffE. KIilllI1'EN M. PARL'lEY, M1:: MJnic:ip3l Clerk RECORD OF COUNCIL VOTE COUNCILMAN YES NO NY A.B. COUNCILr.IAN YES NO NY A.B. BELLINO X ~m~ X COLON X "moo X OIAZ X OT",'07 X x _ Indicate Vote AB _ Absent NV 4 Not Voting XOR - Indicates Vote to Overrule Veto Adopted at a meeting of the Municipal Council I 1Lre.-J1,'2ffE if ~_-g /744 /,1:1., /\ ~<:J1.--e._Li::_f~// , " \ CLERK 7/ ~7J-~--~ ProDosed Calculation of 2009 Estimated Tax Rate ProDosed 2.3 % inerease Ranee is 102.8 Introduced Borough Budget Introduced Municipal Open Space Budget Adopted Local School Budget Adopted Middlesex County Budget 2008 TAX LEVY & TAX RATE 2009 ESTIMATED RANGE FOR TAX LEVY (percentage of 2008 Levy) Local Open Space School County County-O/S Totals 1J;yy $18,511,257.54 299,553.69 24,365,927.50 6,712,221.77 785.991.84 $50,674,952.34 2009 Ratable Total: $1,014,176,193 Amount to be Raised by Taxation: Local $ 20,070,197.44 Open Space 304,252.86 School 23,365,927.50 County 7,503,269.72 County -OIS 851.432.03 Totals $52,095,079.55 Prepared and Certified by: Patrick J. DeBlasio, CFO, CTC Rat<: 1.853 .030 2.441 .673 .079 5.076 95% Local $17,585,694.66 Open Space 284,576.01 School 23,147,631.13 County 6,376,610.68 County-O/S 746.692.25 $48,141,204.73 .lill.2Q $19,436,820.42 314,531.37 25,584,223.88 7,047,832.86 825.291.43 $53,208,699.96 2009 Estimated Tax Rate Tax Rate: $ 1.979 (Proposed budget-exceeds 105%) 108.4% .030 (Proposed budget-within range) 101.6% 2.361 (Adopted budget-within range) 95.9% .740 (Adopted budget-exceeds 105%) 1.118% .084 (Adopted budget-exceeds 105%) 108.3% $5.194 (Estimated-within range) 102.8% (Tax Rate is 102.3%)