(Cherry Hill, N.J.) – Municipal taxes will not increase for a fourth consecutive year, under the FY2016 budget introduced to Council on Monday by Mayor Chuck Cahn.
Click here to read Mayor Cahn's budget address.
Included in the $67,550,865 budget is approximately $8 million earmarked for road improvements for the coming year – more than double the amount allocated for roadwork in 2015.
Other highlights include funding for new traffic calming measures, as well as several recreation projects, such as the installation of new multi-use athletic fields at Cherry Hill High Schools East and West, upgrades to local parks, playgrounds and sport courts, and continued preservation of the historic Barclay Farmstead and Croft Farm.
“This budget reflects my administration’s commitment to fiscal responsibility, while investing heavily in our town’s critical infrastructure and municipal services,” Cahn said. “It will allow us to make significant progress in improving our local roads, as well as provide first-rate recreational facilities for Cherry Hill residents of all ages.”
In his address to Council, Cahn cited a number of factors that have contributed to the town’s financial stability, including increased efficiencies, low interest rates that have helped to reduce annual debt-service costs, and ongoing efforts to promote economic growth and reinvestment.
“We continue to keep taxes stable, control municipal debt, and fund important programs and projects that ensure Cherry Hill remains a great place to live and work,” Cahn said. “We are running the Township more efficiently, and have positioned ourselves to invest heavily in our community today, while giving us the flexibility to plan for the future.”