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Posted on: June 11, 2013

Council adopts preliminary tax levy with no increase over previous year

(Cherry Hill, N.J.) — Township Council on Tuesday, June 11, adopted a preliminary tax levy for fiscal year 2014 with a zero-percent increase over the previous fiscal year.

The preliminary levy will fund municipal services for the first six months of the new fiscal year, which begins July 1.

“My administration is in the process of developing our full budget for fiscal year 2014, and I am proud to say that we anticipate no increase in municipal taxes for the second consecutive year,” Mayor Chuck Cahn said. “Council and I remain committed to fiscal responsibility, and as we move forward, we will continue looking for ways to maximize the services we deliver, and to deliver them in the smartest, most efficient way possible.”

State law requires that municipalities operating on a fiscal year basis certify a preliminary tax rate in order to calculate municipal taxes for the third- and fourth-quarter of the calendar year. The FY2014 budget is expected to be introduced in late August, with final adoption in September.

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