MUNICIPAL
QUESTION
Should
the Township of Livingston establish a Municipal Open Space,
Recreation, and Farmland and Historic Preservation Trust
Fund, pursuant to N.J.S.A. 40:12-15.1 et seq., for any or
all of the following purposes, or any combinations thereof,
as shall be determined by the Township Council:
(a)
acquisition of lands for conservation and recreation purposes;
(b) development of lands acquired for conservation and recreation
purposes;
(c) maintenance of lands acquired for conservation and recreation
purposes;
(d) historic preservation of historic properties, structures,
facilities, sites, areas, or objects, and the acquisition
of such properties, structures, facilities, sites, areas,
or objects for historic preservation purposes; or
(e) payment of debt service on indebtedness issued or incurred
by the Township of Livingston for any of the purposes set
forth above except (c);
with
funding of the trust fund to be through the collection of
an additional local property tax at an annual rate not to
exceed $0.03 per $100.00 of assessed valuation?
INTERPRETIVE
STATEMENT
This
non-binding referendum would indicate to the Township Council
whether the voters support or oppose a real estate tax levy
for the specific purpose of acquiring and/or preserving
parkland, green spaces, or historic properties for public
purposes of recreation, conservation or preservation. The
levy would be established at an annual rate not to exceed
three cents (3¢) per $100.00 of assessed valuation.
All receipts would go into a trust fund to be utilized only
for the purposes stated in the ordinance establishing the
fund. Imposed upon all classes of assessed property, the
levy would produce an estimated $272,579 per. year. As an
example: the average residential property in Livingston
is assessed at $77,405 and, at the rate of 3¢, would
bear an additional tax of $23.22 per year.
