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River Edge Municipal Budget Calls for Employee Furloughs

Homeowners will be hit with a $234 increase in taxes

 
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Since the last time the River Edge Mayor and Council discussed the budget, they had yet to bring the tax levy under the new 2% state mandated levy cap. But with concessions from employees to take furlough days again this year, homeowners will be hit with a $234 increase rather than the originally projected $292 above cap estimate.

The $14.57 million budget, which was introduced earlier this week calls for an $11.3 million tax levy while paying off approximately $482,000 in the deferral of pension payments so as to avoid paying $300,000 of interest following the state's 15 year maturity schedule.

So far, only the non-union employees have agreed to the furloughs, although the exact number of days has yet to be determined. Last year, municipal employees were furloughed on Fridays.

The average assessed home in River Edge is $436,000. The borough received $1,070,715 in state aid for 2011, which is the same amount received in 2010. A public hearing on the budget will be held in late April.

river edge mom

3:33 pm on Wednesday, March 23, 2011

Why would the council prefer to pay off in full the deferred pension payment instead of spreading it over 5 years? The interest payment would not be as high as the 15 year plan and would reduce the tax increase for us now. I am surprised that they would opt to burden the taxpayers this year when they hope to increase revenues in the future. And what happens if the union employees don’t agree to furloughs, will there be lay offs?

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Alphonse Bartelloni

4:58 pm on Wednesday, March 23, 2011

The state did not allow us to make our own payment schedule. If you did not pay it off this year, you had to use the 15 year amortization schedule at 8.25% interest. The decision to pay this off this year was a bipartisan decision, 6 to 0. This payment was outside the 2% cap and had nothing to do with furloughs.

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river edge mom

10:46 pm on Sunday, March 27, 2011

Councilman regarding payment of the deferred pension our town can payoff ahead of schedule, I just read about other towns’ plans to do just this. River Edge can pay the next year or 2 or 5 under this plan and then pay off in full in the future. This allows the town to be in a better position and more importantly reduce that tax increase by $100 this year.

river edge mom

11:12 pm on Wednesday, March 23, 2011

The interest is $20,000 per year. I was told this is $5 per household. Wouldn’t spreading the payback over 15 years be more beneficial to the taxpayer? No social security increase for seniors and an economy not fully recovered makes a tax increase of $100 more than it has to be difficult to understand. I also don’t grasp approving health benefits for a councilman at the taxpayers’ expense of $20,000 a year. The idea of paying the $20,000 in interest is not ok but benefits for one person is.

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hadenough

10:06 am on Thursday, March 24, 2011

I agree that it has been a tough budget year. We have asked our seniors to cut back and even take the shuttle bus to Oradell. Why? Our seniors pay taxes just like like the rest of us and are now being asked to give up the ONLY thing they have. This is crazy. We have asked non-contractual employees to furlough days, again! The fire department clothing allowance was cut in half. But yet, Council President Cordts has added his family to the Borough's insurance plan, with a reported cost of over $19,000.00. You have got to be kidding me!

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A Volunteer Also

12:29 pm on Thursday, March 24, 2011

I have also heard that the fire department clothing allowance has been cut in half. These firemen are on duty 24 hours a day, 7 days a week. They leave their family during family dinners, birthdays, holidays, etc. They drill every week to keep up on their training for the residents of this town. How can you cut their clothing allowance and justify a councilman receiving health insurance for his family and I am not so sure he is the only one receiving health benefits. I am also a volunteer in this town and have lived here for over thirty years. I was always proud of this town. I am not proud anymore. Rather than work with the residents, this new Council has been against the residents. As said previously, our Seniors pay taxes. Why should we ship them out to another town. I also take offense to the way this Council berates prior councilmen. Grow up guys. I hope you don't teach your children that this is proper behavior.

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hadenough

8:54 pm on Thursday, March 24, 2011

Our Borough lost at least three residents on 9/11. We made a nice memorial garden for them. Our volunteer 9/11 garden commission asked for $3,500 for their annual open Space request for yearly maintenance and an additional $3,500 for additional work to spruce up the garden even more in honor of the 10th anniversary. So what does our "shining stars" do on council - not only do they reject both amounts, but Councilman Bartelloni suggests that perhaps Let It Grow can donate their work and we'll give him a plaque! Are you kidding me!! A PLAQUE??? What a dishonor to our deceased 9/11 residents and their families.

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Saratheresa Bartelloni

4:07 pm on Friday, March 25, 2011

Personally, I would like to assure you, if there is any way to “dishonor" victims and their families, 5 of which are memorialized in these gardens, it is to use such memorials as a means to voice political objections. Trust me.

commonsense

12:01 am on Friday, March 25, 2011

By not deferring the pension payment the Mayor and Council is adding approximately $120 in property tax this year to each and every household. The reason the state is offering the 15 year payment option is so that municipalities don't have to burden the homeowner with outrageous increases. A $234 increase from the town is unacceptable especially when it is unnecessary.

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river edge mom

9:49 am on Friday, March 25, 2011

Isn’t a tax increase to payoff debt like asking your boss for a raise so you can pay off your car payment in full? Households spread their debt over time to make it manageable. Town financing is not as simple but the premise is the same.

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hadenough

10:41 pm on Friday, March 25, 2011

Saratheresa, I would have voiced this opinion whether republican, democrat or independent. I feel that of all years, we should be granting the 9/11 garden committee their request. We have given the DPW most of the Open Space funding and the balance to Rec. Why could we not give the DPW or Rec about $7,000 less and fund these garden requests??

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Concerned Citizen

9:12 am on Saturday, March 26, 2011

Soo it's ok for the employee of the borough who work just under the 40hrs a week to be considered full-time so that the can not receive benefits, or the full-time employees pay 1.5. % of their salaries to receive benefits, but our own council who don't work anywhere near 40hrs a week, and honestly what is 1.5 of 3,000 really contributing to the cost of insurance.....I find it a disgrace that the council president has the nerve to take the benefits when we all know in the community that he's probably better off then most of the residents. Just because you are a private business owner doesn't give you the right to seal from the town. And now you are also the highest paid council person cause not only on top of your salary you are also receiving additional benefits, which you should be taxed on....SHAME ON YOU!

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commonsense

12:59 pm on Sunday, March 27, 2011

The River Edge's Republican Chairman has been going around town telling people that Council President Paul Cordt's enrollment in the town's health benefit plan (at a cost to River Edge residents of $20,000) is private information. The truth is that public employees' salaries and benefits are Public information. Although when residents are facing a $234 increase in municipal taxes alone and town employees are facing furloughs and lay-offs, it is understandable why a public official would want to keep this added expenses a secret. What happened to transparency in government?

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Joseph Dunsay

5:59 pm on Sunday, March 27, 2011

Police Chief Tom Cariddi wants to expand the soliciting ordinance so that people who hand out non-profit literature in town need to apply for a permit before hand. If Cariddi thinks he has the officers to spare for harassing Green Peace members and Jehovah Witnesses, then his budget must be bloated. Let's forget the new permit requirement and save some tax dollars by firing a police officer.

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