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Bellmawr CFO outlines 2025 budget and warns of sewer-bill increase
Summary
CFO Maria Fasola presented the borough's 2025 municipal budget, citing appropriation-cap limits and a phased shift from volunteer to paid fire services; councilors said a sewer-rate increase is necessary and that a detailed letter to residents will be mailed next week.
Maria Fasola, the borough chief financial officer, presented Bellmawr’s proposed 2025 municipal budget, outlining a five-year history of revenues and expenditures and explaining how the 1977 appropriation-cap law restricts annual increases unless a cost-of-living adjustment ordinance is adopted.
Fasola told the council the average home assessed at $169,236 will pay $2,071.45 in municipal tax this year, an increase of $17.70 from 2024. She said the finance committee worked to limit tax increases "as low as possible without affecting health and public safety of the residents"…
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