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Ramsey council adopts 2025 municipal budget with 3.95% municipal tax-rate increase
Summary
After a public hearing, Ramsey’s mayor and council adopted the borough’s 2025 municipal budget on March 26, 2025. The budget increases municipal tax revenues by about 3.95%, includes a larger debt principal paydown and keeps the borough under state caps.
The Borough of Ramsey mayor and council adopted the 2025 municipal budget at their March 26, 2025 regular meeting following a public hearing and a separate vote on a narrowly scoped budget amendment.
The adopted budget sets total general appropriations at $30,377,946.68, with the amount to be raised by local taxes for municipal purposes at $21,212,150.12 and a total tax levy (including library) of $22,855,738.88. Council members recorded a municipal tax-rate increase of 3.95% in the 2025 appropriation package announced at the hearing.
The budget includes a $2,220,000 principal paydown on municipal debt—about $1 million more than in 2024—and the administration said roughly 20% of that increased paydown is covered by grants the borough received. Borough officials told the council the town’s municipal debt remains among the lowest in the county and well under the state limit for…
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