Municipal tax cut on the horizon for Cherry Hill residents

Township officials announced on Monday morning the average homeowner in Cherry Hill could see a decrease of $22 in their municipal tax bill for Fiscal Year 2018.

Cherry Hill Township residents could see a reduction in their municipal taxes for Fiscal Year 2018.

Cherry Hill Township announced on Monday its preliminary projections for the Fiscal Year 2018 tax levy include a municipal tax decrease of $22 for the average homeowner. Township council plans to vote on the preliminary tax levy at its meeting tonight.

“I’m thrilled to be able to share this news, and to see years of fiscal responsibility and smart planning paying dividends for our residents,” Mayor Chuck Cahn said in a release. “From day one, council and I have worked together to run the township efficiently, to invest in our neighborhoods and open spaces, and to promote the kind of economic growth that allows us to cut taxes, while investing more in our roads, parks, playgrounds, and trash and recycling.”

The full Fiscal Year 2018 municipal budget is expected to be introduced in August, with a public hearing and adoption expected in September.