$3.7 Million in Bonds & Notes in Tax Appeal Refunds Highlight Council Agenda for Monday Night

The Township Council meeting originally scheduled for Tuesday, November 26, 2013 has been changed and will now be held on Monday, November 18, 2013, according to the Township's Website.

At this meeting, Galloway Township Council is scheduled to vote on an Ordinance to Authorize the issuance of up to $2,145,000 aggregate principal amount of refunding bonds or notes associated with tax credits granted to taxpayers for overpayments in previous quarters in 2013. 

Council needs to approve the $2.1 Million Dollar Ordinance at Monday's meeting with five (5) members of council voting in the affirmative.  Council introduced the Ordinance with only a 4-2 vote with both democratic council members voting no. Councilman Tom Bassford was absent.

Council previously approved an Ordinance in the amount of $1,580,000 for the purpose of paying Tax Liabilities to Taxpayers Resulting from Court approved settlement and Judgments of Property Tax Appeals. 

It has been reported with the passing of these ordinances the tax rate for 2014 will increase.

Galloway Township Council meeting is Monday, November 18, 2013 at 6:30 p.m., located at 300 E. Jimmie Leeds Road in Council Chambers.