The Bayonne City Council has introduced the municipal budget for the 2021 calendar year. It voted unanimously to introduce the nearly $150 million budget at its July meeting.
A public hearing will be held at the council’s August 18 meeting at 7 p.m. in the Council Chambers at City Hall at 630 Ave. C. For more information, go to bayonnenj.org and click on the event on the calendar webpage.
The council introduced a $150,472,901.74 budget. This funds city operations, separate from the school and county budgets.
This budget marks a nearly $2 million increase from last year’s $148,756,552.36 budget.
The tax levy for municipal purposes is $82,679,270.76. That is the total sum raised from local taxpayers after the tax rate has been applied to all properties.
The tax levy is one component of the funding for municipal purposes. Other sources include federal and state aid and funds drawn from surplus, among other sources.
The total anticipated local revenue for 2021 is $13,442,162.80, up from $11,086,564.03. This is largely accounted for by the number of payments-in-lieu-of-taxes (PILOT) agreements the city council has approved with local redevelopers.
This year, the city is anticipating $8,829,801 in state aid, the same as last year.
Due to shared services agreements with the Board of Education for garbage removal and West New York for a health officer, the city anticipates it will bring in $134,000 in 2021. However, the city will also pay the same amount under appropriations for the agreements.
Special items of anticipated public and private revenue offset by appropriations, primarily consisting of a myriad of grants, totals $11,035,450.01. This is down from $11,863,963.49.
Other special revenue, including the parking tax and a Port Authority land payment, totaled $14,153,656.74. This is up from $13,748,683.56.
Total anticipated revenues total $150,472,901.74. This is up slightly from the $149,134,991.93 in total revenues realized in cash in 2020.
Spending for municipal purposes in 2021 tops $110,222,835.69. This marks an increase in expenses from $108,079,251.75 in 2020.
Other municipal operations include costs to maintain the Free Public Library totaling $2,639,689.42. This is up slightly from $2,368,506 in 2020. Also included are shared services agreements totaling $134,000.01, public and private programs offset by revenues,
Capital improvements total $850,000, with most of the cost going to a generator for City Hall. This is an increase from $300,000 in 2020.
Municipal debt service totals $13,671,365 in 2021. This is up slightly from $13,411,165 in 2020.
Over $10,453,613 was appropriated for the school district in 2021. That is down from $10,560,076 in 2020.
Capital improvements funded by the capital budget for 2021 are estimated to cost $28,082,786. Included in this is $2,000,000 for improvements to the library, $2,082,786 for improvements to Fitzpatrick Park, $10,000,000 for the pedestrian bridge, and $14,000,000 for various other ongoing capital projects.
View the introduced budget online at www.bayonnenj.org/_Content/pdf/budgets/2021-IntroBud.pdf.
For updates on this and other stories, check www.hudsonreporter.com and follow us on Twitter @hudson_reporter. Daniel Israel can be reached at firstname.lastname@example.org.