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"When are we going to acknowledge as mature, reasonable adults that we have too long tolerated a municipal framework that represents the opposite of everything this century has learned about effective management, efficient control and economy of scale."

Alan J. Karcher,
Multiple Municipal Madness

Princeton consolidation pays off: $61M budget comes with tax rate decrease

PRINCETON — The savings that encouraged the former borough and township of Princeton to merge into a single town started to appear last night as the town introduced a $61 million budget and announced a tax rate decrease of just under 1 percent.

 

The budget is the united town’s first and roughly $3 million less than what the 2012 combined budgets were for the former township and borough.

 

Taxpayers will also see a slight decrease in their municipal tax rate. Whereas both towns paid roughly 47 cents per $100 of assessed property value last year, the new rate will be 46.3 cents, thanks to the merger.

 

“We’re paying less money in 2013 … than we were in 2009,” town administrator Bob Bruschi said. “We’re in a pretty strong financial position.”

 

The consolidation of the former borough and township was pitched to Princeton taxpayers as a way to save money, thin staff and maximize services.

 

Click here to continue reading this article in the Times of Trenton

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