Project Information

Bid Title

4/7/26:2026 Municipal Budget - Revenue and Appropriations Summaries - Public Hearing 5/5/26

Issuing Agency

Township of Millburn

Location

New Jersey

Published Date

Apr 9, 2026

Closing Date

May 31, 2026

Government Level

State & Local

Status

Closed

Original Source

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Bid Documents

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Project Description

Bid Title:	4/7/26:2026 Municipal Budget - Revenue and Appropriations Summaries - Public Hearing 5/5/26
Category:	Township Committee Notices
Status:	Open

Description: PUBLIC NOTICE MILLBURN TOWNSHIP MILLBURN TOWNSHIP COMMITTEE 2026 Municipal Budget of the Township of Millburn, County of Essex, for the fiscal year 2026 Revenue and Appropriations Summaries Summary of Revenues Anticipated 2026 2025 1. Surplus 8,475,000.00 7,725,000.00 2. Total Miscellaneous Revenues 12,697,669.00 10,802,317.30 3. Receipts from Delinquent Taxes 800,000.00 825,000.00 4. a) Local Tax for Municipal Purposes 50,184,087.00 48,027,936.50 b) Addition to Local School District Tax 0.00 0.00 c) Minimum Library Tax 4,764,020.00 4,239,056.00 Tot Amt to be Rsd by Taxes for Sup of Muni Bnd 54,948,107.00 52,266,992.50 Total General Revenues 76,920,776.00 71,619,309.80 Summary of Appropriations 2026 Budget Final 2025 Budget 1. Operating Expenses: Salaries & Wages 27,952,600.00 27,458,601.00 Other Expenses 34,495,927.00 29,898,687.80 2. Deferred Charges & Other Appropriations 7,263,499.00 7,277,021.00 3. Capital Improvements 2,075,000.00 2,000,000.00 4. Debt Service (Include for School Purposes) 2,212,500.00 2,135,000.00 5. Reserve for Uncollected Taxes 2,921,250.00 2,850,000.00 Total General Appropriations 76,920,776.00 71,619,309.80 Total Number of Employees 259.5 257.5 2026 Dedicated Parking Utility Budget Summary of Revenues Anticipated 2026 2025 1. Surplus 300,000.00 100,000.00 2. Miscellaneous Revenues 1,150,000.00 1,000,000.00 3. Deficit  (General Budget) Total Revenues 1,450,000.00 1,100,000.00 Summary of Appropriations 2026 Budget Final 2025 Budget 1. Operating Expenses: Salaries & Wages 600,000.00 455,000.00 Other Expenses 630,000.00 425,000.00 2. Capital Improvements 220,000.00 220,000.00 3. Debt Service 4. Deferred Charges & Other Appropriations 5. Surplus  (General Budget) Total Appropriations 1,450,000.00 1,100,000.00 Total Number of Employees Balance of Outstanding Debt General Parking Interest 262,500.00 Principal 7,000,000.00 Outstanding Balance 7,262,500.00 0.00 0.00 APPENDIX TO BUDGET STATEMENT CURRENT FUND BALANCE SHEET - DECEMBER 31, 2025 ASSETS Cash and Investments 32,506,255.85 Due from State of N.J.(c. 20, P.L. 1961) 6,380.77 Federal and State Grants Receivable Receivables with Offsetting Reserves: XXXXXXXX Taxes Receivable 809,370.59 Tax Title Lien Receivable 2,912.67 Property Acquired by Tax Title Lien Liquidation 14,000.00 Other Receivables 159,147.48 Deferred Charges Required to be in 2026 Budget - Deferred Charges Required to be in Budgets Subsequent to 2026 - Total Assets 33,498,067.36 LIABILITIES,  RESERVES     AND  SURPLUS *Cash Liabilities 13,748,251.35 Reserves for Receivables 985,430.74 Surplus 18,764,385.27 Total Liabilities, Reserves and Surplus 33,498,067.36 COMPARATIVE  STATEMENT     OF  CURRENT  FUND     OPERATIONS  AND CHANGE IN CURRENT SURPLUS YEAR 2025 YEAR 2024 Surplus Balance, January 1 16,579,550.38 18,753,710.28 CURRENT REVENUE ON A CASH BASIS: XXXXXXXX XXXXXXXX Current Taxes: *(Percentage Collected 2025:99.55%, 2024: 98.49%) 201,837,895.00 194,682,539.15 Delinquent Taxes 3,019,028.71 632,517.04 Other Revenues and Additions to Income 16,331,570.29 16,394,216.26 Total Funds 237,768,044.38 230,462,982.73 EXPENDITURES  AND  TAX     REQUIREMENTS: XXXXXXXX XXXXXXXX Municipal Appropriations 69,769,609.62 66,824,674.29 School Taxes (Including Local and Regional) 103,408,453.46 101,100,997.00 County Taxes (Including Added Tax Amounts) 45,511,143.28 45,615,318.90 Special District Taxes 247,388.94 205,775.69 Other Expenditures and Deductions from Income 67,063.81 136,666.47 Total Expenditures and Tax Requirements 219,003,659.11 213,883,432.35 Less: Expenditures to be Raised by Future Taxes - Total Adjusted Expenditures and Tax Requirements 219,003,659.11 213,883,432.35 Surplus Balance, December 31 18,764,385.27 16,579,550.38 *Nearest even percentage may be used Notice is hereby given that the budget and tax resolution was approved by the Governing Body of the Township of Millburn, County of Essex, on April 7, 2026. A hearing on the budget and tax resolution will be held on May 5, 2026 at 7:00 p.m., at which time and place objections to said budget and tax resolution for the year 2026 may be presented by taxpayers or other interested persons.  The meeting will be held at the Millburn Education Center, 434 Millburn Avenue, Millburn, New Jersey 07041. Copies of the budget are available in the office of the Township Clerk, at 22 East Willow Street, Millburn, New Jersey during the hours of 8:30 AM to 4:30PM Monday thru Friday. Copies are also available on the Township’s website https://www.twp.millburn.nj.us/155/Finance . Posting Details – 2026 Municipal Budget Introduction of the Township of Millburn, Resolution 26-116 Millburn Township Committee Date Posted on Millburn Public Notices Page and Bulletin Board: 04/09/2026 Publication Date/Time: 4/9/2026 12:00 AM Closing Date/Time: 5/31/2026 11:59 PM

Commodity Codes

• NAICS 541611Administrative Management and General Management Consulting Services

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