Christopher Lang, Correspondent, @topherlang2 | MonroeNow
The Cranbury Township Committee is set to vote on its 2018 spending plan following the introduction of the municipal budget this month that would not increase taxes.
The $11.8 million spending plan would collect approximately $7.6 million in taxes. The full budget is available online for residents to review and give their input at the scheduled March 12 public hearing.
Having no tax increase this year, the township administrator, Denise Marabello, said that resulted from “years of sound financial planning, increased assessed value and a healthy surplus to help balance the budget.”
If approved, the budget could potentially finance approximately $12.5 million in capital projects, such as the Brainerd Lake dredging, which is estimated to cost $5 million and repairs to Brickyard and Petty roads, totaling $2.4 million.
“These are simply a capital plan and not a guarantee that these projects will be undertaken,” said Marabello on Friday. “They are projects that the Township Committee will need to look into such as lake dredging and road repairs.”
The budget would also provide the Cranbury Police Department the flexibility to hire two police officers.