Memorial Day (May 26) – Please join us in honoring the sons and daughters who gave their lives so we may enjoy the freedoms we have today. The annual Demarest Memorial Day parade will begin at 9:00 AM on Monday May 26 at the Demarest Library and proceed east on Hardenburgh, north on Piermont, east on Northwood, south on High and west on Hardenburgh to the war memorial in the park. The ceremony will immediately follow the parade.
2014 Budget – On April 28, the governing body adopted a budget that calls for an increase in the municipal tax rate from $0.502/$100 assessed value to $0.509/$100 assessed value. This will result in an increase of $55 on the average home assessed at $730,000. The increase by the library will result in an additional $7 on average. Local school, regional school and county tax rates are not currently available. Some noteworthy details of the budget are as follows:
· An increase in the amount raised by municipal taxes $163,128 (nearly $38,000 under the tax cap allowed by the state). Approx. 40% of this is for anticipated wage increases.
revenues of $11,200 anticipated from
· Decreased revenues of $17,000 from the NVRHS for crossing guards.
· Decreased expenditure of $16,100 from surplus.
· Increased surplus at year end 2013 by $274, 373.
· Decreased debt service payments by $43,460.
· Decreased expenditures for insurance (liability, health worker’s comp) of $73,450.
· Decreased pension and social security payments of $32,977.
The Borough is in better financial ‘health’ because of the many tough decisions made over the last three years. Despite less revenue anticipated and state aid remaining the same, the Borough is well positioned to meet the needs of the future if we “stay the course’ of holding the line on expenditures and implementing efficiencies in the operations of the Borough. Debt payments declined and will decrease in future years, assuming no new extraordinary debt, as we consolidated much of our debt into a 15-year bond at a rate of just over 1.6%.
NJ Council on Affordable Housing – New rules were proposed and will be formally published on June 2nd with comments due by July 2nd. Your governing body and applicable professionals will be reviewing what impact these new rules for affordable housing may have on the Borough.
Present and Immediate Future Tasks
· Road Paving Projects for Unpaved Roads– Letters should shortly be sent by the Public Works council committee to residents for the final determination by the residents of those streets as to whether they wish to have their road paved.
· Zoning Amendments – The Ordinance committee has been tasked to propose revisions to zoning regulations that are intended to simplify applications and remove ambiguity from several regulations. The proposed amendments may also ‘encourage’ more architectural design in new housing units.
I thank those residents who responded to my message on volunteers in the last newsletter. I am encouraged by those Demarest residents who continue offering their services.
On behalf of the governing body, I wish you a very Enjoyable and Safe summer!