Lower municipal tax rate for four years in a row!
Four-of-a-Kind for Piscataway!
Piscataway Township hits a four-year stride with a 12.8 percent lower municipal tax rate
April 20, 2021 – Four is the new big number in Piscataway! This evening for four years in a row, Mayor Brian C. Wahler and the Township Council presented an annual budget with a lower municipal tax rate. This number matches the four times that Money Magazine placed Piscataway Township on its prestigious Best Places to Live in America list, most recently in 2019 by ranking the central New Jersey community as #68 on its Top 100 list.
“Our economic development efforts continue to pay enormous dividends for Township families,” Mayor Brian C. Wahler said. “New companies in Piscataway mainly along the I-287 corridor deliver significant revenues, provide good paying jobs to hard working residents, and enable families to enjoy an affordable and thriving community.”
With new businesses coming into Piscataway and continued wise stewardship of hard-earned tax dollars, the Township was able to lower its municipal tax rate by 12.8 percent three years ago. Two years ago, last year and now this year, municipal budgets maintain this lower tax rate. Other governing authorities such as Middlesex County and the Piscataway Board of Education determine their own tax rates and budgets.
The $79.9 million budget for the next fiscal year is put forward while families are enjoying the new, $32 million YMCA at the Piscataway Community Center built with no residents’ tax monies. Meanwhile Piscataway maintains a Standard & Poor’s “AA+ stable” bond rating and a Moody’s Aa1(stable) general obligation rating – the second-highest ranking from each of the rating agencies. In addition, property values continue to grow throughout the Township.
“We are thrilled to be able to keep giving our residents good news about local finances,” Council President Kapil K. Shah (At-Large) said, “and through our diligent efforts to spur economic development, budget wisely and invest in the needs of families, we continue to build Piscataway as a sustainable and prosperous community for everyone.”
Check out our Economic Success video by clicking here.