Cherry Hill residents will likely see no increase in their municipal tax for the third straight year.
On Monday night, Council adopted a preliminary municipal tax levy with a flat tax rate for the first six months of the fiscal year. State law requires the township to adopt a preliminary tax levy to fund municipal services from July 1 through Dec. 31.
While the preliminary tax levy only sets residents’ taxes for the first six months of the fiscal year, Mayor Chuck Cahn anticipates municipal taxes will likely remain flat in the final budget as well. He said the township’s ability to keep taxes flat while maintaining municipal services has been a testament to his staff’s hard work.
“We’re asking for Council’s support,” Cahn said. “We’re very confident that our budget will be very strong.”
Council also passed a separate resolution keeping the open space tax rate at one cent.
Cahn said the full 2015 fiscal year budget is in the works. The township is on schedule to introduce the budget in August, with a public hearing and adoption set for September. Full details of the budget will be discussed in the coming weeks.
