Bloomingdale State Aid Remains Flat in 2014
Aid also remains flat for all 16 Passaic County municipalities year over year.
Bloomingdale will receive $552,149 in state aid for fiscal year 2014 according to figures released by the state Department of Community Affairs Monday.
Aid in the borough, and all other Passaic County municipalities, will remain flat year over year.
Three Passaic County towns will receive more aid than nearby Wayne, which will receive more than $4.3 million: Clifton will receive $10 million, Passaic about $12.5 million and Paterson will receive $32 million.
Property taxes may only increase 2 percent year over year due to legislation Governor Christie approved in 2010.
It is unknown what effect, if any, aid will have on this year's municipal taxes. New Jersey homeowners’ taxes increased an average of 2.4 percent in 2011 and 1.4 percent in 2010.
Governor Christie touted the effect the aid would have on taxpayers.
“Together with bipartisan reforms such as the 2 percent property tax cap, pension and health benefits changes, and a 2 percent cap on interest arbitration awards, we are delivering real relief to property taxpayers in New Jersey as evidenced by two consecutive years of the smallest property tax increases in two decades,” Christie said in a statement.