State aid to Wyckoff and Franklin Lakes for 2012 will remain the static from last year, according to figures released by the Department of Community Affairs Thursday.
Wyckoff will receive $1,093,271 from Trenton, while Franklin Lakes is slated to get $1,781,701.
While the amounts match 2011 state aid allotments dollar for dollar, both the Township of Wyckoff and Borough of Franklin Lakes have seen significant drop offs in state municipal aid over the last several years.
In 2010, Wyckoff lost a bone rattling $373,363 from its formula aid package under Gov. Chris Christie's proposed reductions in municipal aid. The township would receive $1,093,271 from the state in 2010 to help draft the operating budget, a massive drop from $1,466,634 the previous year.
"It's much deeper than we anticipated,"
The Township Committee that carried a $11,149,294 tax levy that would increase the municipal portion of homeowners' tax bills by an average of $80.70 annually, based on the average assessed value of a home, $807,000.
The following year aid was cut — this time only by approximately $76,000 — and the that raised property taxes by an average of $65.24 on the average assessed home of $810,600.
The township and borough will craft their budgets and hold public hearings at upcoming dates to be announced.
Wyckoff will introduce its budget at a March 13 committee meeting, Mayor Chris DePhillips said Friday morning.
Check back with Wyckoff-Franklin Lakes Patch for updates on the budget process in both towns.
Wyckoff Total Municipal Aid:
Franklin Lakes Total Municipal Aid: