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New Providence introduces 2025 municipal budget with 1.97% municipal tax increase; public hearing set for April 29
Summary
Council introduced the borough'025 operating budget totaling $26,573,376.29, a 1.97% municipal tax increase (about $87 annually for the average home). A public hearing and adoption are scheduled for April 29, 2025, at 7:30 p.m.
The Borough of New Providence introduced its 2025 municipal operating budget on March 25, setting a public hearing and adoption date for April 29, 2025, at 7:30 p.m.
A finance committee member who presented the plan told the council the proposed operating budget totals $26,573,376.29 and would increase the municipal portion of the average homeowner's tax bill by 1.97'', which the presenter quantified as about $87 per year (roughly $7.25 per month) for the average assessed home. The presenter said the borough remains under the state's caps for appropriations and…
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