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Waldwick introduces 2025 budget that would raise taxes about 3.47%
Summary
The borough administrator presented a 2025 budget that would raise property taxes about 3.47% (roughly $79 per average homeowner annually), citing rising insurance, pension and sewer authority costs and the loss of one-time federal and state aid. Council members debated revenue-generation and service priorities before moving the budget forward on first reading.
The Borough of Waldwick presented an initial 2025 municipal budget that would increase property taxes by roughly 3.47%, an amount the administrator said equates to about $79 per average homeowner annually (about $6.58 per month).
The borough administrator reviewed drivers of the increase, pointing to double-digit health-insurance rises, higher pension and debt-service costs, contractual salary increases for the police and public works departments, growing solid-waste expenses and a one-point increase related to sewer authority…
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