Patch takes a more in-depth look at the Collingswood 2012 municipal budget approved Monday.
A closer look at the 2012 Collingswood municipal budget upholds claims by borough leadership that the significant cutbacks over the past several years are starting to drive real savings in town. Although 2012 taxes are up slightly year-over-year—about $20 per household on a property valued at the borough average of $233,000—Collingswood is appropriating fewer dollars overall. The 2012 municipal budget weighs in at $15.03 million, down 5 percent ($756,000) from a 2011 budget that totaled $15.79 million. Total municipal debt service was up more than 3 percent annually, from $2.564 million in 2011 to $2.646 million in 2012. “Other expenses” including contingency funds, were up 9 percent, or $416,000 ($4.402 million in 2011 as compared with $4…
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Collingswood Borough Tax Department
678 Haddon Ave, Collingswood, NJ
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The average household will see a $20 increase in local property taxes for 2012 as the borough moves to complete some much-needed infrastructure projects.
After extending the deadline for its public presentation, the borough of Collingswood introduced and approved its 2012 municipal budget at the Monday meeting of borough commissioners—and taxes are going up. The average household will see an approximate increase of $20, or 0.7¢ per $100 of assessed property value, in 2012-13. That figure is calculated based on a home valued at $233,000, the borough average. The actual amount levied will increase from 87.9¢ per $100 of assessed property value in 2011 to 88.6¢ per $100 of assessed property value. To maintain the same level of services borough residents have come to expect, Collingswood has enacted a variety of cost-cutting measures in recent years, including the layoffs of some 26 full-time …
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Collingswood Community Center
30 W Collings Ave, Collingswood, NJ
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