Politics & Government
Verona Officials Hold the Line on Taxes
Verona Council approved a budget with no tax increase.
Verona residents won't have to pay more in real estate taxes in 2012.
On Tuesday, officials approved a $1.1 million budget that doesn't raise the real estate tax millage rate. Councilman Stan Adamski was absent.
The current millage rate is 8.0 mills, meaning a resident pays $800 for every $100,000 of assesed property value.
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The preliminary budget included a . The council finance committee met on Dec. 21 to work out the kinks and balance the budget.
Currently, revenues are $1.1 million and expenditures are $1.08 million, leaving the borough with a net income of $41,467 at the end of 2012.
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Borough solicitor Craig Alexander said because this year was an election year, officials have until mid-to-late January to open the budget and make some changes.
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