Politics & Government

Madison State Municipal Aid to Remain Flat

Borough will receive $808,529 for the third straight fiscal year.

Madison will receive the same amount of municipal aid for the third consecutive fiscal year, according to numbers released by the state on Thursday.

The Rose City will receive $808,529 for 2012-13 budget year, the same as it received for both 2011-12 and 2010-11. 

The flat funding is consistent throughout the state, with every Morris County municipality receiving the same funding it saw last fiscal year. Of the 39 municipalities listed in Morris County, Madison ranked 23rd in the amount of aid it will receive. Parsippany is earmarked to receive the most ($4,550,201) and Victory Gardens the least ($73,706).

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