State Aid Remains Flat for 2013
The township is receiving almost $6 million.
Bridgewater Township will be receiving flat municipal state aid for the 2013 calendar year, close to $6 million.
The township is slated to receive $5,904,261, the exact same amount it received in 2012.
The township recently introduced its municipal budget, with the assumption of flat state aid, and a 0 percent increase in the tax levy.
The budget this year is set at $38,935,484.46, an increase of 1.26 percent over the 2012 budget of $38,451,229.13.
Residents will pay a municipal tax of $1,053 for a home assessed at the average value of $411,662. This is exactly the same as the tax impact of the 2012 budget.
The flat state aid was assumed when the budget was introduced, days before the official numbers were released.
A public hearing for the municipal budget will be held April 1, although a final decision on the budget is not expected until a few weeks later.