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Description:
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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
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Summary of Revenues
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Anticipated
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2026
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2025
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1.
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Surplus
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8,475,000.00
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7,725,000.00
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2.
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Total Miscellaneous Revenues
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12,697,669.00
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10,802,317.30
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3.
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Receipts from Delinquent Taxes
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800,000.00
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825,000.00
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4.
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a) Local Tax for Municipal Purposes
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50,184,087.00
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48,027,936.50
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b) Addition to Local School District Tax
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0.00
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0.00
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c) Minimum Library Tax
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4,764,020.00
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4,239,056.00
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Tot Amt to be Rsd by Taxes for Sup of Muni Bnd
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54,948,107.00
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52,266,992.50
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Total General Revenues
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76,920,776.00
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71,619,309.80
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Summary of Appropriations
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2026 Budget
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Final 2025 Budget
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1.
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Operating Expenses:
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Salaries & Wages
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27,952,600.00
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27,458,601.00
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Other Expenses
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34,495,927.00
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29,898,687.80
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2.
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Deferred Charges & Other Appropriations
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7,263,499.00
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7,277,021.00
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3.
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Capital Improvements
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2,075,000.00
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2,000,000.00
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4.
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Debt Service (Include for School Purposes)
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2,212,500.00
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2,135,000.00
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5.
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Reserve for Uncollected Taxes
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2,921,250.00
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2,850,000.00
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Total General Appropriations
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76,920,776.00
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71,619,309.80
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Total Number of Employees
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259.5
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257.5
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2026 Dedicated Parking Utility Budget
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Summary of Revenues
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Anticipated
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2026
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2025
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1.
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Surplus
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300,000.00
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100,000.00
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2.
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Miscellaneous Revenues
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1,150,000.00
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1,000,000.00
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3.
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Deficit (General Budget)
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Total Revenues
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1,450,000.00
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1,100,000.00
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Summary of Appropriations
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2026 Budget
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Final 2025 Budget
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1.
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Operating Expenses:
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Salaries & Wages
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600,000.00
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455,000.00
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Other Expenses
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630,000.00
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425,000.00
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2.
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Capital Improvements
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220,000.00
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220,000.00
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3.
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Debt Service
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4.
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Deferred Charges & Other Appropriations
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5.
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Surplus (General Budget)
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Total Appropriations
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1,450,000.00
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1,100,000.00
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Total Number of Employees
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Balance of Outstanding Debt
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General
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Parking
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Interest
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262,500.00
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Principal
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7,000,000.00
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Outstanding Balance
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7,262,500.00
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0.00
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0.00
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APPENDIX TO BUDGET STATEMENT
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CURRENT FUND BALANCE SHEET - DECEMBER 31, 2025
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ASSETS
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Cash and Investments
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32,506,255.85
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Due from State of N.J.(c. 20, P.L. 1961)
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6,380.77
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Federal and State Grants Receivable
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Receivables with Offsetting Reserves:
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XXXXXXXX
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Taxes Receivable
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809,370.59
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Tax Title Lien Receivable
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2,912.67
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Property Acquired by Tax Title Lien Liquidation
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14,000.00
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Other Receivables
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159,147.48
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Deferred Charges Required to be in 2026 Budget
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-
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Deferred Charges Required to be in Budgets Subsequent to 2026
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Total Assets
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33,498,067.36
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LIABILITIES, RESERVES AND SURPLUS
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*Cash Liabilities
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13,748,251.35
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Reserves for Receivables
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985,430.74
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Surplus
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18,764,385.27
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Total Liabilities, Reserves and Surplus
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33,498,067.36
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COMPARATIVE STATEMENT OF CURRENT FUND OPERATIONS AND CHANGE IN CURRENT SURPLUS
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YEAR 2025
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YEAR 2024
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Surplus Balance, January 1
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16,579,550.38
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18,753,710.28
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CURRENT REVENUE ON A CASH BASIS:
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XXXXXXXX
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XXXXXXXX
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Current Taxes: *(Percentage Collected 2025:99.55%, 2024: 98.49%)
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201,837,895.00
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194,682,539.15
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Delinquent Taxes
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3,019,028.71
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632,517.04
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Other Revenues and Additions to Income
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16,331,570.29
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16,394,216.26
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Total Funds
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237,768,044.38
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230,462,982.73
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EXPENDITURES AND TAX REQUIREMENTS:
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XXXXXXXX
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XXXXXXXX
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Municipal Appropriations
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69,769,609.62
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66,824,674.29
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School Taxes (Including Local and Regional)
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103,408,453.46
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101,100,997.00
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County Taxes (Including Added Tax Amounts)
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45,511,143.28
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45,615,318.90
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Special District Taxes
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247,388.94
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205,775.69
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Other Expenditures and Deductions from Income
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67,063.81
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136,666.47
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Total Expenditures and Tax Requirements
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219,003,659.11
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213,883,432.35
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Less: Expenditures to be Raised by Future Taxes
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Total Adjusted Expenditures and Tax Requirements
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219,003,659.11
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213,883,432.35
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Surplus Balance, December 31
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18,764,385.27
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16,579,550.38
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*Nearest even percentage may be used
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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
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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
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Publication Date/Time:
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4/9/2026 12:00 AM
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Closing Date/Time:
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5/31/2026 11:59 PM
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