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Plumsted Township
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  1. Plumsted Township 2013 Budget Questions or Comments Contact: Mayor David Leutwyler 609-758-2241

  2. 2013 BUDGET INTRODUCTION 3/14/13 • PUBLIC HEARING: 5/1/13 MUNICIPAL BUILDING, 121 EVERGREEN RD 8:00 P.M. • BUDGET INFORMATION POSTED ON TOWNSHIP WEBSITE WWW.PLUMSTED.ORG COPY AVAILABLE AT MUNICIPAL BUILDING LIBRARY

  3. BUDGET OVERVIEW • 2012 Budget $3,291,153 • 2013 Budget $3,258,181 2013 is $32,972 LESS than 2012

  4. TOTAL SALARIES – 5 PAST YEARS • 2009: $1,360,972 • 2010: $1,252,330 • 2011: $1,158,117 • 2012: $1,165,890 • 2013: $1,196,999 Differences: 2013 is $31,109 more than 2012 2.6% entire increase in 2013 is contractual with police 2013 is $163,973 less than 2009 - 12.0%

  5. TOTAL OPERATING EXPENSES • 2010: $1,563,588 • 2011: $1,268,471 • 2012: $1,247,412 • 2013: $1,141,893 • Differences • 2013 is $105,519 less than 2012 - 8.4% • 2013 is $421,695 less than 2010 - 26.9%

  6. 2% TAX CAP LEVY LAW • PROVIDES FOR: TAXING AND SPENDING CAPS • TAX CAP 2% $31,793 • DEBT & CAPITAL INCREASE 71,982 • REVALUATION 28,334 • HEALTH INSURANCE 22,824 • PENSION INCREASE 9,082

  7. MAXIMUM TAX WITHIN 2% TAX CAP LAW • $1,756,447 $159,381 TAX DOLLAR INCREASE • $0.05 increase in the tax rate – due to ratable loss. Needed just to raise same amount of taxes as last year

  8. $0.02 increase in the tax rate covers the • $159,381 tax dollar increase • Total 2013 tax rate $0.22

  9. 2% TAX CAP LEVY LAW • 2013 BUDGET IS IN COMPLIANCE • NO BALLOT QUESTION TO EXCEED CAP • NOT SEEKING TO EXCEED TAXING CAP SEEKING TRANSITIONAL STATE AID

  10. Ratable Base Loss 2012 2013 $372,067 $275,900 $1,055,257,351 in 2012 vs. $ 785,909,959 in 2013 a loss of $269,347,392 or 25.5%

  11. Value of $0.01 of tax rate • $105,525 • $ 78,590 • Decrease $26,935

  12. TAX DOLLAR CHANGE FOR AVERAGE HOME (Township portion) • 2012 BUDGET AT $0.15 = $561 • 2013 BUDGET AT $0.22 = $616 • INCREASE OF $55 or 9.8%

  13. COMPARISON WITH OCEAN COUNTY AVERAGE • AVERAGE MUNICIPAL TAX PORTION $1,764 • AVERGAE PLUMSTED TAX PORTION 616 • DIFFERENCE $1,148 LESS • PLUMSTED REMAINS LOWEST IN OCEAN COUNTY

  14. COMPARISON WITH NEW JERSEY AVERAGE • AVERAGE NJ PROPERTY TAX $7,870 • AVERGAE PLUMSTED PROPERTY TAX 6,345 • DIFFERENCE $1,525 LESS

  15. 2013 Estimated Total Tax Bill % of Total Tax School 63.8% $ 11,539,957 County 17.6% $ 3,184,692 Township 9.7% $ 1,756,447 Fire 8.0% $ 1,441,545 Open Space 0.9% $ 157,181 Total 100% $ 18,079,822

  16. 2013 vs. 2012 Estimated Change 2013 2012 Change % School $ 11,539,957 $11,142,884 397,073 3.6 County 3,184,692 3,193,951 -9,259 -0.3 Township 1,756,447 1,597,066 159,381 9.9 Fire 1,441,545 1,287,700 153,845 12.0 Open Space 157,181 211,053 - 53,872 -25.5 Total $ 18,079,822 $17,432,654 Total estimated increase 2013 vs. 2012 is $647,168 or 3.7%

  17. HISTORY OF TAX APPEALS The township was forced to borrow $145,000 in 2011 and $282,000 in 2012 so that we were able to pay the School, County and Fire districts.

  18. Reassessment lowered tax base by $269,347,392 Estimated 2013 Total Tax Rate is $2.30 per 100 Actual 2012 Total Tax Rate is $1.65 per 100

  19. 2013 vs. 2012 Average Home • Assessment Tax Rate Tax • 2013 275,900 2.30 $6,345 • 372,067 1.65 6,139 • Change .65 206 $206 is a 3.4% increase over 2012 $0.57 of the rate increase of $0.65 is due to the ratable loss and $0.08 is the total estimated tax increase

  20. Plumsted Township 2013 Budget Questions or Comments Contact: Mayor David Leutwyler 609-758-2241