$1M Cut From Parsippany Budget, Taxes to Go Up $36 on Average Home

Mayor James R. Barberio and Council President Paul Carifi Jr. announced an agreement for the Township of Parsippany-Troy Hills municipal budget last Friday, just before the holiday weekend. 

Mayor Barberio stated in press release that “this budget does not cut any services, and in fact, enables us to maintain the high level of services our residents expect while complying with the State’s Cap Law.” 

The new budget will raise taxes just $36 on a house assessed at the township average of $309,000 over the course of the year and stays within the state's 2-percent tax levy increase mandate. Since the establishment of a cap bank was recently voted down, council President Paul Carifi has acknowledged budget cuts. 

“We worked with the Mayor to identify over $1 million in budget cuts to keep taxes as low as possible while at the same time maintaining our high level of services,” Carifi said in the statement.  

Barberio's office has not responded to Patch's questions concerning the million dollar's worth of budget cuts.

The plan is still awaiting approval from the Town Council, which next meets on June 2.