Town Council Introduces Budget That Will Forces Tax Increase

PARSIPPANY-TROY HILLS, NJ —Last night, the Town Council held a special meeting to introduce the budget.  Almost three weeks ago, Mayor Soriano introduced a sensible and balanced budget that was pre-approved by the State and raised taxes by just 2.15%.  The budget proposed by Mayor Soriano required tough decisions, but addressed the budget shortfalls of last year without putting any unnecessary burden on taxpayers. The State approved Mayor Soriano’s proposal to reallocate unused funds from 2020 to cover the $1.1 million gap in order to help our town recover from the unprecedented economic challenges of COVID-19. But last week, the Republican-led Town Council rejected that proposal, preventing the town from using those funds, and forcing a higher tax increase of 4.28%. Their move takes money from the pockets of Parsippany taxpayers.

“I am glad that the budget has finally been introduced. I am disappointed that it was introduced by council with a 4.28% tax increase, nearly double the tax increase I had proposed,” said Mayor Michael Soriano, “Parsippany and its residents are still recovering from the COVID-19 pandemic. It is callous and out of touch to think that this will not hurt our residents.”

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