Town Ordinances

ORDINANCE NO. 02 - 2010

ORDINANCE NO. 2 - 2010

 

CALENDAR YEAR 2010

ORDINANCE TO EXCEED THE MUNICIPAL BUDGET APPROPRIATION

LIMITS AND TO ESTABLISH A CAP BANK, (N.J.S.A.40A:4-45.14)

 

 

 

 

 

 

 

 

 

 

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 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 to its final appropriations in either of the next two succeeding years; and

 

 

 

 

 

 

 

 

 

 

WHEREAS, the Governing Body of the Borough of Morris Plains in the County of Morris

finds it advisable and necessary to increase its CY 2010 budget by 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

the citizens; and

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

WHEREAS, the Governing Body hereby determines that a 3.5 percent increase in the budget

for said year, amounting to $273,712.42 in excess of the increase in final appropriations otherwise permitted by the Local Government Cap Law, is advisable and necessary; and

 

 

 

 

WHEREAS, the Governing Body 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.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NOW, THEREFORE, BE IT ORDAINED, by the Governing Body of the Borough of Morris

Plains, County of Morris, a majority of the full authorized membership of this governing body affirmatively concurring, that, in the CY 2010 budget year, the final appropriations of the Borough of

Morris Plains shall, in accordance with this ordinance and N.J.S.A. 40A:40-45.14, be increased by 3.5%

amounting to $273,712.42, and that the CY 2010 municipal budget for the Borough of Morris Plains be

approved and adopted in accordance with this ordinance; and

 

 

 

 

 

 

BE IT FURTHER ORDAINED, that any amount authorized hereinabove that is not appro-

priated as part of the final budget shall be retained as an exception to 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 thereon, be filed with said Director within 5 days after such adoption.

Introduced: 02/18/10

Adopted: 03/4/10

Frank J. Druetzler, Mayor