April 2, 2018 – Lumberton Township – The Lumberton Township Committee adopted its 2018 budget on Tuesday evening which lowered the local purpose tax for the second year in a row. The local purpose tax is lowered from .411 to .406 per $100 of assessed value which represents an approximate savings of $16.00 for the average home assessed at $299,734.00.
“We are thrilled to be able to support and adopt a sound fiscal budget which lowers taxes,” said Mayor Mike Mansdoerfer. “This year was a culmination of more hard work and penny pinching, evaluating every dollar spent to make sure that we are good stewards of our residents’ taxes. We know how hard our residents work to earn their income and want to ensure that we are as equally protective when their tax dollars are allocated to services,” he continued.
The 2018 budget allocates $8,750,904 in spending. This is actually $1,644,931 less than the Township spent in 2008 and continues a decade long trend of stable or declining spending.
The Township’s budget funds all critical tasks of the local government. “We developed a plan to address our community needs including building the new Emergency Services Building without increasing our debt service obligations. Most importantly, we allocated funds in the budget to bring a school resource officer back into the schools,” said Deputy Mayor Kristin Januseski.
The Township’s bond rating is AA Stable, confirming the bond market recognizes the Township’s sound fiscal planning.
“Our budget also uses grants and outside funding sources to help continue to make improvements to our infrastructure,” said Committeeman Jim Conway who is charged with overseeing many of the town’s road and improvement projects. “This year we will again pave and repair more roadways and improve our parks and recreation system,” he concluded.
For a copy of the Township’s budgets, audits and annual financial statements, contact the Municipal Clerk or go online to www.lumbertontwp.com
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