Princeton merger begins to pay off as early tally shows higher than expected savings
PRINCETON — “Savings” was the battle cry during the campaign for consolidation of the Princetons.
Proponents argued that the unified town would spend million less annually compared to the separated borough and township and reduce the tax burden, while opponents of the merger pooh-poohed the projected benefit as too little and too uncertain.
With the two municipalities now combined into one as of Jan. 1, the actual figures are starting to firm up — and it appears that the savings are real, and they are greater than consolidation planners projected last year.
The one-time cost to combine the towns is also higher than projected, but is being offset by contributions from the state and Princeton University and possibly by the earlier-than-expected departures of some employees.
When proponents were trying to sell voters on consolidation, they touted the expected annual savings at $1.6 million, which did not count various one-time costs.