Category: Notices Legal Notices
Source: NMG Classifieds
Listed: Wed Feb 5th
CALENDAR YEAR 2025 ORDINANCE TO EXEEED THE MUNICIPAL BUDGET APPROPRIATION LIMITS AND TO ESTABLISH A CAP BANK PURSUANT TO N.J.S.A. 40A:4-45.14 WHEREAS, the Local Government “CAP” Law, N.J.S.A. 40A:4-45.1 et seq., provides that in the preparation of its annual budget, a municipality shall limit any increase in said budget to 2.5% unless authorized by ordinance to increase it to 3.5% over the previous year’s final appropriations, subject to certain exceptions; and WHEREAS, N.J.S.A. 40A:4-45.15a provides that a municipality may, when authorized by ordinance, appropriate the difference between the amount of its actual final appropriation and the 3.5% percentage rate as an exception its final appropriations in either of the next two succeeding years; and WHEREAS, the Mayor and Common Council of the City of Gloucester City in the County of Camden finds it advisable and necessary to increase its CY2025 budget up to 3.5% over the previous year’s final appropriations, in the interest of promoting the health, safety and welfare of the citizens; and WHEREAS, the Mayor and Common Council hereby determines that a 2.5% increase in the budget for said year, amounting to $524,826.70 in excess of the increase in final appropriations otherwise permitted by the Local Government “CAP” Law, is advisable and necessary; and WHEREAS, the Mayor and Common Council hereby determines that any amount authorized hereinabove that is not appropriated as part of the final budget shall be retained as an exception to final appropriation in either of the next two succeeding years; and NOW THEREFORE BE IT ORDAINED, by the Mayor and Common Council of the City of Gloucester City, in the County of Camden, a majority of the full authorized membership of this governing body affirmatively concurring, that, in the CY2025 budget year, the final appropriations of the City of Gloucester City shall, in accordance with this ordinance and N.J.S.A. 40A: 4-45.14, be increased by 3.5%, amounting to $734,757.38, and that the CY2025 municipal budget for the City of Gloucester City be approved and adopted in accordance with this ordinance; and BE IT FURTHER ORDAINED, that any amount authorized hereinabove that is not appropriated as part of the final budget shall be retained as an exception to the final appropriation in either of the next two succeeding years; and BE IT FURTHER ORDAINED, that a certified copy of this ordinance as introduced be filed with the Director of the Division of Local Government Services within 5 days of introduction; and BE IT FURTHER ORDAINED, that a certified copy of this ordinance upon adoption, with the recorded vote included thereon, be filed with said Director within 5 days after such adoption. PUBLIC MEETING NOTICE is hereby given that the foregoing ORDINANCE was introduced and passed at a meeting of the Common Council of the City of Gloucester City, County of Camden, New Jersey, held on the 27th day of January, 2025 and will be considered for final passage after a public hearing at a meeting of the Common Council of the City of Gloucester City to be held on February 24, 2025, 313 Monmouth Street, Gloucester City, New Jersey. Copies of the full ordinance as introduced are available without cost to any member of the general public during regular business hours from the Office of the City Clerk, 512 Monmouth Street, Gloucester City, New Jersey 08030, phone number being (856) 456-0205. Vanessa L. Little, City Clerk Dated:2/5/25 Prt's Fee:$45.33 Affidavit Fee:$5.00
Source: NMG Classifieds
Listed: Wed Feb 5th
CALENDAR YEAR 2025 ORDINANCE TO EXEEED THE MUNICIPAL BUDGET APPROPRIATION LIMITS AND TO ESTABLISH A CAP BANK PURSUANT TO N.J.S.A. 40A:4-45.14 WHEREAS, the Local Government “CAP” Law, N.J.S.A. 40A:4-45.1 et seq., provides that in the preparation of its annual budget, a municipality shall limit any increase in said budget to 2.5% unless authorized by ordinance to increase it to 3.5% over the previous year’s final appropriations, subject to certain exceptions; and WHEREAS, N.J.S.A. 40A:4-45.15a provides that a municipality may, when authorized by ordinance, appropriate the difference between the amount of its actual final appropriation and the 3.5% percentage rate as an exception its final appropriations in either of the next two succeeding years; and WHEREAS, the Mayor and Common Council of the City of Gloucester City in the County of Camden finds it advisable and necessary to increase its CY2025 budget up to 3.5% over the previous year’s final appropriations, in the interest of promoting the health, safety and welfare of the citizens; and WHEREAS, the Mayor and Common Council hereby determines that a 2.5% increase in the budget for said year, amounting to $524,826.70 in excess of the increase in final appropriations otherwise permitted by the Local Government “CAP” Law, is advisable and necessary; and WHEREAS, the Mayor and Common Council hereby determines that any amount authorized hereinabove that is not appropriated as part of the final budget shall be retained as an exception to final appropriation in either of the next two succeeding years; and NOW THEREFORE BE IT ORDAINED, by the Mayor and Common Council of the City of Gloucester City, in the County of Camden, a majority of the full authorized membership of this governing body affirmatively concurring, that, in the CY2025 budget year, the final appropriations of the City of Gloucester City shall, in accordance with this ordinance and N.J.S.A. 40A: 4-45.14, be increased by 3.5%, amounting to $734,757.38, and that the CY2025 municipal budget for the City of Gloucester City be approved and adopted in accordance with this ordinance; and BE IT FURTHER ORDAINED, that any amount authorized hereinabove that is not appropriated as part of the final budget shall be retained as an exception to the final appropriation in either of the next two succeeding years; and BE IT FURTHER ORDAINED, that a certified copy of this ordinance as introduced be filed with the Director of the Division of Local Government Services within 5 days of introduction; and BE IT FURTHER ORDAINED, that a certified copy of this ordinance upon adoption, with the recorded vote included thereon, be filed with said Director within 5 days after such adoption. PUBLIC MEETING NOTICE is hereby given that the foregoing ORDINANCE was introduced and passed at a meeting of the Common Council of the City of Gloucester City, County of Camden, New Jersey, held on the 27th day of January, 2025 and will be considered for final passage after a public hearing at a meeting of the Common Council of the City of Gloucester City to be held on February 24, 2025, 313 Monmouth Street, Gloucester City, New Jersey. Copies of the full ordinance as introduced are available without cost to any member of the general public during regular business hours from the Office of the City Clerk, 512 Monmouth Street, Gloucester City, New Jersey 08030, phone number being (856) 456-0205. Vanessa L. Little, City Clerk Dated:2/5/25 Prt's Fee:$45.33 Affidavit Fee:$5.00