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Trenton introduces $280.3 million 2025 budget; 2% municipal tax increase mandated by state aid rules
Summary
City administrators introduced a $280.3 million calendar-year 2025 budget, including an assumed $45 million in transitional aid and a $10 million capital grant. The Department of Community Affairs required a 2% municipal tax rate increase as a condition of the transitional-aid application; council voted to approve introduction of the budget.
The city introduced its recommended calendar-year 2025 budget, a $280.3 million spending plan that assumes $45 million in state transitional aid and $10 million in capital aid, and includes a mandatory 2% municipal tax-rate increase that city administrators say the Department of Community Affairs requires to qualify for transitional aid.
The budget presentation was led by Maria Richardson, business administrator, and Colin Cherry, assistant business administrator, who told the council the total budget including grants is $280,300,000 and that revenue excluding grants totals $256,100,000. Cherry said the municipal tax rate will rise from 3.672 to 3.707 (an increase of roughly 3 cents) and that the municipal portion of the levy rises from $83.8 million to $85.5 million.
“It’s a requirement of that,” Cherry said when…
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