Where Does The Money Go? Town Hall Series To Explore Montclair Municipal Budget, Taxes

MONTCLAIR, N.J. – Montclair Councilor-at-Large Peter Yacobellis announced Monday the first of a series of virtual Town Halls on Montclair’s Municipal Budget and Taxes, to take place on January 26th at 7:00 p.m. The series is intended to educate and engage the community broadly on Montclair’s taxes and budgets.

“I ran on a platform of transparency and engagement with hopes of improving both when it comes to Montclair residents and their government. For the last couple of months, some local leaders and I have been collaborating to develop a very user-friendly presentation to help everyone understand some very basics about our government, their taxes, and our budget,” said Councilor Yacobellis. “We hope this will be a well attended Montclair Budget 101-type session as we plan a series of follow-up sessions in the months ahead to dive even deeper,” he added.

This first Zoom Webinar will take place on Wednesday, January 26th at 7:00pm and will be recorded for future viewing. Interested residents can register by clicking here.

Joining Yacobellis for the presentation on January 26th will be Brigid D’Souza, CPA, MBA; a resident of Jersey City and assistant professor in the Department of Accountancy & Business Law at Saint Peter’s University. Brigid researches and writes about local public finance at www.civicparent.org, where she focuses on topics related to property tax, school funding, tax abatements, and more.

Helping Yacobellis develop this presentation and ideate on the series, in addition to Brigid, is a talented group of local Montclairions including:

Eileen Birmingham, MD, MPH is a resident of Montclair with an interest in trying to understand civic data and budgets. She has a child in the Montclair school district.

Colleen Dougherty, CPA PC has been an accountant for over 30 years specializing in a variety of industries. She is a resident of Montclair with children in the Montclair School District.

Nolan Haims is a leading expert in visual communications, one of only 15 PowerPoint MVPs in the U.S. as designated by Microsoft, and the owner of a design consultancy based in Montclair.

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  1. Where does the money go?

    If these people are serious, they will look at whether the municipal general fund was paid back $1,901,570. I don’t think they are serious. I think they will ignore the SDA receivables due us as a pass-through from our schools district for completed school projects. Now that we have moved to an elected board, that balance due will likely disappear.

    As far as perspective, $1.9MM is about 25% of our school debt service….this year.

    Again, I doubt they are serious. It involves an audit, our schools, and another noble purpose. We won’t look too closely. Better yet, let’s go with distraction. None-serious people.

    But, I’m sure it will be a killer Powerpoint presentation. Silver balls.

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