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Council introduces 2025 municipal budget; municipal tax increase limited to 1.96% under levy cap
Summary
Council President McGowan introduced the borough's 2025 municipal budget at the April 14 meeting, reporting a proposed municipal tax increase of 1.96% driven by higher insurance, utilities and sewer costs and constrained by the state 2% levy cap; the budget was introduced for public review with a scheduled presentation and hearing.
Rutherford’s Mayor and Council on April 14 introduced the calendar year 2025 municipal budget and scheduled further public review and a hearing.
Council President McGowan, speaking as finance liaison, said the borough faced significant cost increases while constrained by New Jersey’s 2% property tax levy cap. He gave the following line‑item increases: employee group insurance up 12 percent, utilities up about 10 percent, sewer service charges up about…
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