Development
of the Budget:
The Borough of Roseland operates on a calendar year from January 1st
to December 31st. Each year all municipal departments submit estimates of their
anticipated needs to the Borough Administrator. Working from these estimates the
Administration, which includes the Administrator, the Mayor, Council and Chief Financial
Officer, prepares a budget by February 10th.
Proposed Budget:
Each year, the Proposed budget of revenues and expenditure is reviewed,
modified and finally adopted by the Borough Council. The proposed budget is then published
in local papers and public hearings are held.
Municipal Cap Law
State law prohibits municipalities from increasing their final appropriations
by more than 5% over the previous year with certain exceptions, such as:
