On Tuesday night, Maplewood Township Committee members agreed to adjustments to a draft 2012 municipal budget that would allow them to introduce the budget in ordinance form at the rate of a 2% tax levy increase over the 2011 budget.
Committee members made the decision on March 6 to increase use of the current fund surplus by $301,000, increase use of capital fund surplus by $200,000, and apply $740,000 from the sale of town-owned property at 125 Dunnell Road (the former police station site) in order to close a gap that would have set the tax levy above the state-mandated 2% level. The town does have adjustments and banked cap that it could apply, allowing it to raise the levy above the 2% level.
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