2025 Municipal Budget
of the
BOROUGH
of
SOMERVILLE
County of
SOMERSET
for the fiscal year 2025.
Revenue and Appropriations Summaries
| Summary of Revenues | Anticipated | |
|---|---|---|
| 2025 | 2024 | |
| 1. Surplus | 5,000,000.00 | 5,800,000.00 |
| 2. Total Miscellaneous Revenues | 9,601,131.51 | 11,744,048.38 |
| 3. Receipts from Delinquent Taxes | 400,000.00 | 400,000.00 |
| 4. a) Local Tax for Municipal Purposes | 13,254,000.00 | 13,125,605.50 |
| b) Addition to Local School District Tax | ||
| c) Minimum Library Tax | ||
| Tot Amt to be Rsd by Taxes for Sup of Muni Bnd | 13,254,000.00 | 13,125,605.50 |
| Total General Revenues | 28,255,131.51 | 31,069,653.88 |
| Summary of Appropriations | 2025 Budget | Final 2024 Budget |
|
1. Operating Expenses:
Salaries & Wages
|
8,284,100.00 | 7,759,200.00 |
|
Other Expenses
|
9,996,110.51 | 11,837,264.98 |
| 2. Deferred Charges & Other Appropriations | 2,318,350.00 | 2,695,996.90 |
| 3. Capital Improvements | 2,000,000.00 | 4,000,000.00 |
| 4. Debt Service (Include for School Purposes) | 3,756,571.00 | 2,877,192.00 |
|
5. Reserve for Uncollected Taxes
#
|
1,900,000.00 | 1,900,000.00 |
| Total General Appropriations | 28,255,131.51 | 31,069,653.88 |
| Total Number of Employees | ||
|
2025 Dedicated
PARKING
Utility Budget
|
||
|---|---|---|
| Summary of Revenues | Anticipated | |
| 2025 | 2024 | |
| 1. Surplus | 150,000.00 | 170,000.00 |
| 2. Miscellaneous Revenues | 712,000.00 | 683,500.00 |
| 3. Deficit (General Budget) | ||
| Total Revenues | 862,000.00 | 853,500.00 |
| Summary of Appropriations | 2025 Budget | Final 2024 Budget |
|
1. Operating Expenses:
Salaries & Wages
|
288,500.00 | 284,500.00 |
|
Other Expenses
|
453,500.00 | 449,000.00 |
| 2. Capital Improvements | 50,000.00 | 50,000.00 |
| 3. Debt Service | ||
| 4. Deferred Charges & Other Appropriations | 70,000.00 | 70,000.00 |
| 5. Surplus (General Budget) | ||
| Total Appropriations | 862,000.00 | 853,500.00 |
| Total Number of Employees | ||
| Balance of Outstanding Debt | ||||
|---|---|---|---|---|
| General | PARKING | |||
| Interest | 3,098,610.00 | |||
| Principal | 12,934,679.00 | |||
| Outstanding Balance | 16,033,289.00 | |||
Notice is hereby given that the budget and tax resolution was approved by the
COUNCIL MEMBERS
of the
BOROUGH
of
SOMERVILLE
, County of
SOMERSET
on
March 17
, 2025.
A hearing on the budget and tax resolution will be held at
Somerville Civic Center 24 Robeson St
, on
April 21
, 2025 at
0:00
o'clock PM at which time and place
objections to the Budget and Tax Resolution for the year 2025 may be presented by taxpayers or
other interested parties.
Copies of the budget are available in the office of
MUNICIPAL CLERK
at
the Municipal Building,
25 WEST END AVENUE, SOMERVILLE
New Jersey,
during the hours of
8:30AM
to
4:00 PM
.