The city of Princeton's budget for the upcoming fiscal year doesn't include funds for a full forensic audit into how taxpayer money has been spent — despite community pushback.
The Princeton city council voted to approve a budget of about $152.7 in expenditures and to maintain a property tax rate of $0.44 per $100 of a home’s value. Home values in Princeton went up, so homeowners will likely see higher tax bills despite the property tax rate staying the same. The city’s budget will raise about 18% more in property tax revenue than the previous fiscal year, about $2.3 million according to the city’s budget proposal.
Council members Christina Todd and Terrance Johnson voted against the budget and tax rate, citing residents’ calls for a forensic audit of all city departments and their spen