What is the budget process?

The budget process of the SID would remain the same, with the exception that its timing would generally run in conjunction with the Township’s budget process on a calendar year.  A budget will be required to be submitted by January 15th of each year.  Here is an excerpt from the ordinance of the budget process. 

“The budget shall be introduced, approved, amended and adopted by resolution passed by not less than a majority of the full membership of the Township Committee of the Township. The procedure shall be as follows:

(i)            Introduction and approval;

(ii)           Public advertising;

(iii)          Public hearing;

(iv)         Amendments and public hearings, if required;

(v)          Adoption.”

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1. There are by-laws referenced in the ordinance. Are these bylaws available for review?
2. What is the source of economic stimulus funds referenced in Section 15?
3. Is the Board of Trustees subject to the Open Public Meetings Act?
4. What are the changes in the revised Special Improvement District Ordinance?
5. What will happen if a property owner decides not pay the SID tax assessment?
6. Can the new district management corporation be dissolved?
7. What is the budget process?
8. Why does the draft ordinance allow for the Township to purchase, lease, and manage property within the Special Improvement District?
9. Why is the SID ordinance being discussed now, while residents cannot physically be present in the building due to the current public health crisis?