WOODBRDIGE – Municipal tax bills would go up $129 for the average Woodbridge homeowner under a proposed 2010 budget unveiled by Mayor John McCormac last week.
The mayor said that revenue losses were too severe to overcome, though he tried to control costs in the spending plan.
McCormac cited a loss of $1.5 million in interest income on investments due to declining market rates, a $749,000 loss in state aid and an overall decline in revenue from court fines, permit fees and recycling tonnage.
He also noted that pension costs will increase by $1.4 million.
The proposed budget increases to $114.6 million from $110.6 million in 2009. The budget will be presented at a public hearing on Dec. 15 and could be passed that night.
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