Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Municipal Budget topic
No spam. Unsubscribe anytime.
Parsippany council introduces 2025 municipal budget; passes cap-bank ordinance and several routine measures
Summary
Council voted to introduce the 2025 municipal budget and adopted an ordinance to exceed the municipal appropriation cap and bank unused cap for future years. Council also approved several first-reading bond and sewer easement ordinances and routine payments.
The Parsippany (Troy Hills) Township Council on April 15 introduced the 2025 municipal budget and passed an ordinance to exceed this year's municipal appropriation cap and establish a cap bank for use in future years.
Business Administrator Johnny Klein and Mayor James Barberio presented the budget to the council and public, saying the overall tax-rate increase is 2.13% and the municipal portion of the tax rate would rise 2.22%. Klein said the municipal portion increase equates to about $4.95 per month (roughly $59 a year) for the average residential property, and the budget funds a package of public-safety and infrastructure investments including the addition of 10 police officers and continued funding for volunteer emergency squads.
The budget was formally introduced by resolution (R-2025-96). Councilmember Hernandez moved the resolution; Councilmember Musella seconded it. The vote to introduce the budget was unanimous (Hernandez, McGrath, Musella, Neglia, Kurifi: yes).
Separately, the council completed the second and final reading on Ordinance 2025-03, an ordinance to exceed the municipal appropriations cap and establish a cap bank pursuant to N.J.S.A. 40A:4-45.14. After a brief public hearing (a single resident asked whether the cap ordinance implied an immediate tax increase), officials said the cap bank authorizes the township to
