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Morristown Partnership proposes roughly $2.1 million SID budget; council questions outreach and reserves
Summary
The Morristown Partnership presented a proposed Special Improvement District budget of about $2.1 million for 2024, citing an expected $800,000 revenue increase from municipal revaluation and allocations for decorative lighting, banners and reserves; council members pressed for more business outreach and translation services.
The Morristown Partnership presented its 2024 Special Improvement District (SID) budget to the Town Council on June 11, proposing a total of roughly $2.1 million and outlining plans to allocate new revenue from a recent municipal revaluation.
Jack Guerrero, identified in the presentation as executive director of the Morristown Partnership, said approximately 67% of the SID budget comes from the special assessment and 33% from sponsorships, event participation and other sources. He…
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