2023 Municipal Budget
of the
BOROUGH
of
SOMERVILLE
County of
SOMERSET
for the fiscal year 2023.
Revenue and Appropriations Summaries
| Summary of Revenues | Anticipated | |
|---|---|---|
| 2023 | 2022 | |
| 1. Surplus | 2,750,000.00 | 3,950,000.00 |
| 2. Total Miscellaneous Revenues | 7,867,283.15 | 17,200,449.57 |
| 3. Receipts from Delinquent Taxes | 400,000.00 | 400,000.00 |
| 4. a) Local Tax for Municipal Purposes | 13,055,960.78 | 12,967,331.07 |
| b) Addition to Local School District Tax | ||
| c) Minimum Library Tax | ||
| Tot Amt to be Rsd by Taxes for Sup of Muni Bnd | 13,055,960.78 | 12,967,331.07 |
| Total General Revenues | 24,073,243.93 | 34,517,780.64 |
| Summary of Appropriations | 2023 Budget | Final 2022 Budget | |
|---|---|---|---|
| 1. Operating Expenses: | Salaries & Wages | 7,298,000.00 | 6,898,700.00 |
| Other Expenses | 9,401,684.93 | 19,221,774.36 | |
| 2. Deferred Charges & Other Appropriations | 2,021,378.00 | 3,335,961.28 | |
| 3. Capital Improvements | 500,000.00 | 500,000.00 | |
| 4. Debt Service (Include for School Purposes) | 2,702,181.00 | 2,411,345.00 | |
| 5. Reserve for Uncollected Taxes | 2,150,000.00 | 2,150,000.00 | |
| Total General Appropriations | 24,073,243.93 | 34,517,780.64 | |
| Total Number of Employees | 78 | 79 | |
|
2023 Dedicated
SEWER
Utility Budget
|
|||
|---|---|---|---|
| Summary of Revenues | Anticipated | ||
| 2023 | 2022 | ||
| 1. Surplus | 125,000.00 | 300,000.00 | |
| 2. Miscellaneous Revenues | 2,565,528.00 | 2,806,500.00 | |
| 3. Deficit (General Budget) | |||
| Total Revenues | 2,690,528.00 | 3,106,500.00 | |
| Summary of Appropriations | 2023 Budget | Final 2022 Budget | |
| 1. Operating Expenses: | Salaries & Wages | 142,500.00 | 255,000.00 |
| Other Expenses | 2,322,500.00 | 2,593,000.00 | |
| 2. Capital Improvements | 100,000.00 | ||
| 3. Debt Service | 87,000.00 | 89,000.00 | |
| 4. Deferred Charges & Other Appropriations | 138,528.00 | 69,500.00 | |
| 5. Surplus (General Budget) | |||
| Total Appropriations | 2,690,528.00 | 3,106,500.00 | |
| Total Number of Employees | 5 | 5 | |
|
2023 Dedicated
PARKING
Utility Budget
|
|||
|---|---|---|---|
| Summary of Revenues | Anticipated | ||
| 2023 | 2022 | ||
| 1. Surplus | 190,000.00 | 220,000.00 | |
| 2. Miscellaneous Revenues | 701,000.00 | 515,000.00 | |
| 3. Deficit (General Budget) | |||
| Total Revenues | 891,000.00 | 735,000.00 | |
| Summary of Appropriations | 2023 Budget | Final 2022 Budget | |
| 1. Operating Expenses: | Salaries & Wages | 230,000.00 | 180,000.00 |
| Other Expenses | 501,000.00 | 470,000.00 | |
| 2. Capital Improvements | 125,000.00 | 50,000.00 | |
| 3. Debt Service | |||
| 4. Deferred Charges & Other Appropriations | 35,000.00 | 35,000.00 | |
| 5. Surplus (General Budget) | |||
| Total Appropriations | 891,000.00 | 735,000.00 | |
| Total Number of Employees | 3 | 3 | |
| Balance of Outstanding Debt | |||
|---|---|---|---|
| General | SEWER | PARKING | |
| Interest | 3,897,023.00 | 176,800.00 | |
| Principal | 19,690,630.34 | 960,000.00 | |
| Outstanding Balance | 23,587,653.34 | 1,136,800.00 | |
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
April 3
, 2023.
A hearing on the budget and tax resolution will be held at
24 South Bridge Street
, on
May 1
, 2023 at
7:00
o'clock PM at which time and place
objections to the Budget and Tax Resolution for the year 2023 may be presented by taxpayers or other interested parties.
Copies of the budget are available in the office of
Somerville Borough Clerk
at
the Municipal Building,
25 West End Avenue, Somerville,
New Jersey,
08876
during the hours of
8:30 AM
to
4:30 AM
.