Cranford Committee addresses income distribution and property tax concerns in community meeting

The Cranford Town Meeting held on June 24, 2025, addressed several key issues, including income distribution, housing obligations, and property tax concerns.

One of the main topics discussed was the town's housing obligation, which was accepted as 268 units. However, officials noted that this figure is just a starting point. After adjustments for vacant land, the realistic developmental potential is estimated at 24 units. This plan has been facilitated by pre-existing credits and overlay zones, allowing for manageable development without the need for large new projects.

The meeting also focused on property taxes, which have been a source of concern for residents. Officials explained that nearly 57% of property taxes go to schools, 23% to the township, and the remainder to the county and library. The township's operating budget saw a minimal increase of 0.1%, but there were significant rises in costs related to employee health benefits and sewerage rates.

Officials addressed misinformation regarding Payment in Lieu of Taxes (PILOT) projects, clarifying that these developments do contribute to the township's revenue. For instance, the commercial project at 740 Walnut Avenue will pay approximately $1.2 million in taxes next year, while the residential project at 750 Walnut Avenue is under a PILOT agreement that will also generate revenue for the township.

Looking ahead, the township is exploring options to reduce costs, particularly in healthcare, which is projected to increase by 25% next year. Additionally, the township is committed to borrowing less than it pays off to manage its debt more effectively, which currently stands at nearly $2 million annually.

Overall, the meeting highlighted the township's efforts to balance development, tax revenue, and community needs while addressing residents' concerns about financial management and housing obligations.