BUDGET MEETING
MARCH 3, 2010

A budget meeting of the Mayor and Committee of the Township of Oxford was held on March 3, 2010 in the Township Municipal Building, 11 Green Street, Oxford, New Jersey.

Mayor Donald Niece announced that the meeting had been properly advertised in compliance with the OPMA of 1975 and called the meeting to order at 5:30 PM.

In attendance were Donald Niece, Bonnie Riley, William Bray, William Colantano, Dawn Stanchina and Sheila L. Oberly.

Mr. Bray discussed with the Committee the Preliminary Equalization Table for Warren County. He stated that on the table, Oxford’s real property ratio of aggregate assessed to aggregate true value is 88%. He said that Oxford should be showing a 100% ratio since Oxford just did a reassessment of the township. Oxford Township is paying Warren County, approximately $200,000.00 more in county tax.

On March 11, 2010 at 7:00 PM in at the County Board of Taxation, in the Cummins Building, Belvidere, N.J., scheduled is a hearing that Mr. Bray and Rich Motyka, Tax Assessor will attend to discuss the ratios and valuation assessed to the Township.

Mr. Colantano explained that this year’s surplus is $140,000.00 more than in 2009.

The Committee, Mr. Colantano and Ms. Stanchina, reviewed the remainder of the line items on the 2010 budget worksheet.

Mr. Bray and Ms. Stanchina had a heated discussion on the deferred pension plan payment made in 2009.

A budget meeting will be held at 4:00 PM on April 7, 2010, before the regularly scheduled, Township Committee meeting at 7:00 PM, which will be held in the Oxford Township Municipal Building.

On motion by Mr. Niece, seconded by Mr. Bray and passed unanimously on roll call
vote to adjourn the budget meeting at 7:00 PM.

_____________________________
Sheila L. Oberly, RMC