TOWNSHIP OF WANTAGE
AN ORDINANCE TO EXCEED THE INDEX RATE,
IN ACCORDANCE WITH N.J.S. 40A:4-45.14
Ordinance #2003-05
WHEREAS, the Local Government Cap Law,
N.J.S. 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 5% or the index rate, whichever is less, over the previous year’s
final appropriations, subject to certain exceptions; and
WHEREAS, P.L. 1986, C. 203 amended the Local Government Cap law, to
provide that a municipality may, in any year in which the index rate
is less than 5%, increase its final appropriations by a percentage rate
greater than the index rate but not to exceed the 5% rate as defined
in the amendatory law, when authorized by Ordinance; and
WHEREAS, the index rate for SFY 2003 has been certified by the Director
of the Division of Local Government Services in the Department of Community
Affairs as 1%; and
WHEREAS, the Township Committee of the Township of Wantage in the County
of Sussex finds it advisable and necessary to increase its SFY 2003
budget by more than 1% over the previous year’s final appropriations,
in the interest of promoting the health, safety and welfare of the citizens;
and
WHEREAS, the Township Committee of the Township Of Wantage hereby determines
that a 5% increase in the budget for said year, amounting to $136,559.95
in excess of the increase in final appropriations otherwise permitted
by the Local Government Cap Law, is advisable and necessary,
NOW, THEREFORE, BE IT ORDAINED by the Township Committee of the Township
of Wantage, County of Sussex and State of New Jersey, a majority of
the full authorized membership of this governing body affirmatively
concurring, that, in the SFY 2003 budget year, the final appropriations
of the Township Of Wantage shall, in accordance with this Ordinance
and P.L. 1986, C. 203, be increased by 5% amounting to $136,559.95 and
that the SFY 2003 municipal budget for the Township Of Wantage be approved
and adopted in accordance with this Ordinance; 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 the
said Director within 5 days after such adoption.
BE IT FURTHER ORDAINED, this ordinance shall take effect after publication
and passage according to law.______________________________
Jeff Parrott, Mayor
ATTEST:
___________________________________
James R. Doherty, Administrator/Clerk
NOTICE is hereby given that the above ordinance was introduced and passed
upon first reading at a meeting of the Mayor and Committee of the Township
of Wantage, in the County of Sussex, New Jersey, held on the 13th day
of March, 2003. It will be further considered for final passage after
public hearing at a meeting of the Mayor and Committee to be held in
the Municipal Building, 888 Route 23 South, in the Township of Wantage,
on March 27, 2003, at 8:00 P.M., and during the preceding week copies
of the ordinance will be made available at the Clerk's office in the
Municipal Building to members of the general public.
____________________________________
James R. Doherty, Administrator/Clerk
