Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget Adoption topic
No spam. Unsubscribe anytime.
Merchantville council adopts $6.34 million 2025 municipal budget
Summary
The Borough of Merchantville on May 12 adopted its 2025 municipal budget of $6,335,909.06 and a $550,000 dedicated sewer utility budget; the council also approved a resolution to read the budget by title because a full copy had been made publicly available in advance.
Merchantville Borough Council on May 12 adopted the 2025 municipal budget totaling $6,335,909.06 and a dedicated sewer utility budget of $550,000.
Council member Anthony Perno moved and Council member Ray Woods seconded the motion to adopt R25-58; the motion was approved by the council. The adopted municipal summary lists a $500,000 surplus, total miscellaneous revenues of $1,132,049.14, receipts from delinquent taxes of $140,000.00 and local tax for municipal purposes of $4,563,859.92.
The borough’s 2025 summary of appropriations sets salaries and wages at $2,158,569.00, other operating expenses at $2,273,533.81, deferred charges and other appropriations at $716,949.61, capital improvements at $10,000.00 and debt service at $910,375.92, with a reserve for uncollected taxes of $266,480.72.
The council earlier passed R25-57 authorizing the budget to be read by title only at the public hearing under N.J.S. 40A:4-8 after making a complete copy available at least one week in advance.
The sewer utility budget shows $50,000 in surplus, $491,000 in sewer rents and $9,000 in miscellaneous revenues, with $116,900 earmarked for salaries and wages and $150,646.70 for debt service. Taken together, the municipal and sewer budgets establish the borough’s revenue and appropriation plan for 2025.
The council accepted the budget and certified it to the County Board of Taxation as required by state law. The council did not record individual roll-call vote tallies in the transcript.
