This page contains annual Budgets and other financial documents for each year listed.  Within the link, you will find, in most cases, pertinent documents upon adoption by the governing body. Please reach out to the Business Administrator’s Office by phone at 973-263-4391 or email jcryan@parsippany.net, if you are in need of additional information.

2024 Township of Parsippany – Troy Hills Municipal Budget

The Annual Municipal Budget details all of the expenses and revenues that the Township of Parsippany - Troy Hills (the “Township”) needs in order to provide quality services for our residents. Our budget process allows any interested resident to be better informed.

• Departmental Budget Hearings Memo - April 1, 2024
• Mayor’s Memo to the Township Council - April 5, 2024

Departmental Budget Hearings – April 9, 2024 – Department and Division heads from the largest departments and utilities – Police Department, Department of Public Works (incl. Parks and Engineering), Department of Planning & Zoning (incl. Building), Water, Sewer, the Knoll – will present their budgets to the Township Council. This interaction between department directors and the Township Council in public is instrumental in fostering transparency and a unified approach to committed governance. This collaboration between the Administration and Council down to the departmental level ensures that every decision made and every project initiated is a step towards providing the highest amount of accountability and ensures a consensus is achieved towards realizing the Township's strategic goals.

2024 User Friendly Budget –The "User Friendly Budget" is a standard budget form that every NJ municipality must fill out and submit to the state. The data is aggregated in unique ways that help interested residents see the structural nature of how the Township both collects and spends money, and does it in a format that allows for comparison to other municipalities.

2024 Introduced Municipal Budget – The 2024 Township of Parsippany – Troy Hills Municipal Budget will be introduced to the public at the April 16, 2024 Township Council meeting and will be voted on for adoption after the public hearing at the May 21, 2024 Township Council meeting.

2024 Adopted Municipal Budget

2024 Municipal Budget Presentation – April 16, 2024

2024 Municipal Budget Summary - May 21, 2024

Annual Financial Statements: This annual document is filed by February 10th each year to reflect the results of all operations in the preceding year.

Average property taxes in Morris County, 2023 – NJ.com article - (PDF version)