Township Council Meeting — Packet

of West Orange 2024 Final Tax Rate & Proposed 2025 Tax Rate 2024 2025 YAV% $$$ Final % of Total Projected % of Total Change Change Appropriations: Municipal Appropriations $ 100,696,184.16 39.23% $ 99,400,979.31 37.89% -1.286% $ (1,295,204.85) Municipal Open Space $ 547,993.09 0.21% $ 547,993.09 0.21% 0.000% = Library Tax 2,534,797.29 0.99% 2,828,055.36 1.08% 11.569% 293,258.07 District School Tax 158,724,474.00 61.84% 162,836,460.00 62.08% 2.591% 4,111,986.00 County Tax 28,008,507.83 10.91% 28,713,127.95 10.95% 2.516% 704,620.12 County Open Space Tax 1,145,976.39 0.45% 1,279,509.49 0.49% 11.652% 133,533.10 291,657,932.76 113.64% 295,606,125.20 112.69% 1.354% 3,948,192.44 Revenues (Other than Tax Levy) 37,401,139.05 14.57% 35,739,331.37 13.62% -4.443% (1,661,807.68) 254,256,793.71 99.06% 259,866,793.83 99.07% 2.206% 5,610,000.12 Reserve for Uncollected Taxes 2,399,923.69 0.94% 2,447,922.16 0.93% 2.000% 47,998.47 Tax Levy Certification Rounding - - Total Tax Levy $ 256,656,717.40 100.00% $ 262,314,716.00 100.00% 2.205% $ 5,657,998.60 Components of Tax Levy: { Local Tax 65,694,968.80 25.60% 66,109,570.11 25.20% 0.631% $ 414,601.31 Municipal Open Space 547,993.09 0.21% $ 547,993.09 0.21% 0.000% $ - Library Tax 2,534,797.29 0.99% 2,828,055.36 1.08% 11.569% 293,258.07 District School Tax 158,724,474.00 61.84% 162,836,460.00 62.08% 2.591% 4,111,986.00 County Tax 28,008,507.83 10.91% 28,713,127.95 10.95% 2.516% 704,620.12 County - Open Space 1,145,976.39 0.45% 1,279,509.49 0.49% 11.652% 133,533.10 Total Tax 256,650,717.40 100.00% $ 262,314,716.00 100.00% 2.205% $ 5,657,998.60 Projected Tax Rate: Increase Local Tax $ 1.198828 25.60% $ 0.661011 25.20% -44,862% (0.53782) Municipal Open Space 0.010000 0.21% 0.005479 0.21% -45.208% (0.00452) Library Tax 0.046256 0.99% 0.028277 1.08% -38.869% (0.01798) District School Tax 2.896469 61.84% 1.628155 62.08% -43.788% (1.26831) County - Open Space 0.020912 0.45% 0.012793 0.49% -38.823% (0.00812) County Tax 0.511111 10.91% 0.287094 10.95% -43.829% (0.22402)