(Fair Haven, NJ) Despite losing nearly $140,000 in state municipal aid, Fair Haven Mayor Mike Halfacre announced today that Fair Haven has adopted a budget that cut property tax rates for the third consecutive year, a feat Halfacre believes has not been duplicated anywhere in the State over the same time frame.
“Although we have been aggressive in Fair Haven in cutting costs, sharing services and looking at every penny spent, it is important to note that Governor Christie has given local governments like ours the confidence to continue what we started doing four years ago.”
“In 2007, the municipal tax rate was $.491 per $100 of assessed value. In 2010 it will be $.458 per $100 of assessed value. These reductions have not always been easy, and tough decision had to be made. I’d like to thank the Council and the people at Borough Hall for their work on this budget and over the past few years. It has truly been a team effort.”
“Today, I had the pleasure of attending the bill signing ceremony for the CAP 2.0 legislation. I applaud the Governor and the legislature for their efforts, but stress that their work is not done. With the further support of the initiatives brought to Trenton by the Governor, we will continue making the tough decisions and lowering the tax burden on our residents.
Halfacre concluded by stating, “The future of Fair Haven and New Jersey looks particularly bright today.”