{"id":4456,"date":"2020-03-25T12:56:17","date_gmt":"2020-03-25T12:56:17","guid":{"rendered":"https:\/\/www.teanecktoday.com\/blog\/?p=4456"},"modified":"2020-03-25T13:16:18","modified_gmt":"2020-03-25T13:16:18","slug":"what-does-a-zero-budget-mean","status":"publish","type":"post","link":"https:\/\/www.teanecktoday.com\/blog\/teaneck\/budget\/what-does-a-zero-budget-mean\/","title":{"rendered":"What does a “Zero-Budget” mean?"},"content":{"rendered":"

A Sixth Straight ZERO<\/h1>\n
At last night’s Teaneck Council meeting, the Council voted to introduce a SIXTH straight budget with a 0% tax levy increase on the Municipal side of the tax bill. At a time when many Teaneck residents are struggling with financial uncertainty, Teaneck’s Council remains mindful of its residents’ needs.\u00a0 Without a reduction of ANY municipal services, we will even will be paving more roads (including Windsor Rd).<\/div>\n
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The 0% tax levy was the result of proper management, and was made possible, in large part by Council’s use of smart development, which maintains the quality of life Teaneck expects.<\/p>\n

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But, my taxes went up!<\/h2>\n

I get it – mine went up too.\u00a0 But the tax bill you receive has a few different parts and not all of them have been going up.
\nSo, let’s break down what is happening.<\/p>\n

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Breaking down your bill<\/h3>\n

The tax bill each home receives has a few parts.\u00a0 Here is an example for the average Teaneck home:<\/p>\n

\"\"<\/a>The average residential assessment for 2019 was\u00a0$384,308.15<\/a>.<\/p>\n