(HACKENSACK, N.J.) – On Wednesday, the Bergen County Board of Commissioners at their regularly scheduled public meeting that holds the line on taxes and comes with no increase on the County portion of resident tax bills in 2022. On a home assessed at $500,000, the proposed budget would actually decrease the County portion of property taxes by $17.75.
The 2022 budget proposal keeps taxes stable while investing in County infrastructure and increasing funding for education, mental health services, and services to seniors.
on April 22, Moody’s Investors Service once again reaffirmed Bergen County with its highest rating, AAA, citing the County’s strong financial management team, conservative budgeting, and healthy local economy. These conditions also served as the driving force behind the administration’s ability to present a zero budget for 2022. The County has experienced sustained ratable growth over the last eight years and property values remain 33% higher than any other County in the State of New Jersey. Further strong fiscal management under Tedesco’s leadership, has allowed the County to reduce its debt load by $93.6 million over the last eight years. Under this adopted budget, Bergen County will continue to have the second lowest County tax rate in New Jersey.