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Understanding Borough of Lawnside's 2009 Budget: Tax Rate Components and Financial Overview

Learn about the Borough of Lawnside's 2009 budget presentation, including the tax rate breakdown, expenditure allocation, and financial strategies implemented. Explore the impact of reassessments in neighboring Voorhees and Haddon Heights, budget assumptions, and cost-cutting measures.

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Understanding Borough of Lawnside's 2009 Budget: Tax Rate Components and Financial Overview

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Presentation Transcript

  1. Borough Of Lawnside 2009 Budget Presentation

  2. Components of the Tax Rate

  3. Building The Rate

  4. Where the Money Goes

  5. How Do We Stack Up • Information Obtained from NJ Department of Treasury • http://www.state.nj.us/treasury/taxation/lpt/taxrate.shtml • ** Voorhees Reassessed in 2006. • *** Haddon Heights Reassessed in 2007

  6. The Tax Rate

  7. What It Means

  8. How Did We Get There The Budget Assumptions

  9. Budget Assumptions • All Salaries Frozen at FY 2008 Levels • Except where contracts were in place • Effective 4/3/09 ALL discretionary spending was frozen • Deferred 50% of FY2009’s pension obligation into the future • Cancelled Police car purchase • Cut gasoline line to the bone • Cut all discretionary spending not obligated

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