Cranbury Township Committee adopts spending plan

[news]

The owner of a house assessed at the township average of $673,176 will pay $2,356 in municipal taxes under the $12.2 million plan.

Some residents say the township's $12.2 million budget, adopted Monday, is asking too much of taxpayers.

About 15 community members attended the budget public hearing Monday night to speak about the budget, which is smaller than last year's $12.5 million, and carries a municipal tax rate of.

The spending plan is smaller than last year's because of a $900,000 decrease in payments on township debt — from $4.9 million to $4 million.

The township introduced its budget Feb. 12, but has since made changes to it because of an additional $13,158 in municipal property tax assistance from the state, which was used to offset the amount of money to be raised by taxes, changing it from $6.496 million to $6.483 million. The state aid has little effect, however, since it takes $185,622 to cut 1 cent from the municipal tax rate, officials said.
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