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ORDINANCE 2015-01

CALENDAR YEAR 2015

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 up to

1.5%

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 Township Committee of the Township of Hardwick in the County of Warren finds it advisable

and necessary to increase its CY 2015 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,

WHEREAS

, the Hardwick Township Committee hereby determines that a

1.5%

increase in the budget for said

year, amounting to

$10,492.17

in excess of the increase in final appropriations otherwise permitted by the Local

Government Cap Law, is advisable and necessary; and,

WHEREAS the Hardwick Township Committee 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 Township Committee of the Township of Hardwick, in the

County of Warren, a majority of the full authorized membership of this governing body affirmatively

concurring, that, in the CY 2015 budget year, the final appropriations of the Township of Hardwick shall, in

accordance with this ordinance and N.J.S.A. 40A: 4-45.14, be increased by

3.5%

, amounting to

$24,481.73

, and

that the CY 2015 municipal budget for the Township of Hardwick be approved and adopted in accordance with

this ordinance; and,

BE IT FURTHER ORDAINED,

that any 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; 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

included thereon, be filed with said Director within 5 days after such adoption.

Motion:

Committeeman Alfred R. Carrazzone

Second:

Committeeman James Perry

Roll Call:

Ayes

: Committeeman Alfred R. Carrazzone, Mayor James Perry

Nays

: None

Abstentions:

None

Absent:

Committeeman Kevin Duffy

NOTICE

NOTICE

is hereby given that the foregoing Ordinance was introduced on first reading at a

regular meeting of the Township Committee of the Township of Hardwick held on January 2, 2015

and ordered published in accordance with the law. Said Ordinance will be considered for final reading

and adoption at a regular meeting of the Township Committee to be held on February 4, 2015 at 7:00

p.m. or as soon thereafter as the Township Committee may hear this Ordinance at the Municipal

Building, 40 Spring Valley Road, Hardwick, New Jersey, at which time all persons interested may

appear for or against the adoption of said Ordinance.

Judith Fisher, R.M.C.

Township of Hardwick

CERTIFICATION

I, Judith Fisher, Clerk of the Township of Hardwick, do hereby certify that the foregoing Ordinance is

a true and exact copy adopted by the Township Committee of the Township of Hardwick at a Regular

Meeting held on the 4

th

day of February, 2015.

Judith M. Fisher, RMC

Township Clerk