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54-495: Cresskill is a borough in Bergen County , in the U.S. state of New Jersey . As of the 2020 United States census , the borough's population was 9,155, an increase of 582 (+6.8%) from the 2010 census count of 8,573, which in turn reflected an increase of 827 (+10.7%) from the 7,746 counted in the 2000 census . This town got its name from "Cress", referring to the watercress that grew in its streams, and " Kill ", referring to

108-546: A chicken hatchery that was the world's largest by 1897. Railroad access established the former Camp Merritt as a major debarkation point for more than a million American troops being sent abroad to fight in World War I. To commemorate the fact, a large obelisk memorial (referred to by locals as "The Monument"), or "The Circle Monument" was dedicated in 1924, set in the center of the Camp Merritt Memorial Circle at

162-451: A commodity bundle tends to change over time. In contrast, by definition, the real value of the commodity bundle in aggregate remains the same over time. The real values of individual goods or commodities may rise or fall against each other, in relative terms, but a representative commodity bundle as a whole retains its real value as a constant from one period to the next. Real values can for example be expressed in constant 1992 dollars , with

216-533: A one-year term) and a six-member council (elected to staggered three-year terms). The mayor would preside at council meetings, but had no vote except to break ties. This system resulted in a period, known as " boroughitis ", where large numbers of small boroughs were created. In 1894, the Legislature passed an act requiring each township to have a single school district. A wave of borough incorporations followed, as one part of several townships decided that it would prefer

270-504: A partisan election. Only two boroughs, Roselle and Roselle Park , have ward structures with councils having five ward members and one at-large. The borough system has a weak mayor and the council performs most legislative and executive functions. This form of local government is used by 39% of the municipalities in New Jersey. There are a total of 253 boroughs in New Jersey, which include: Inflation adjustment A commodity bundle

324-966: A staggered basis, with either two or three seats coming up for election each November; a Chairman and Vice Chairman are selected from among its seven members at a reorganization meeting held every January. As of 2024, the county executive is James J. Tedesco III ( D , Paramus ), whose four-year term of office ends December 31, 2026. Bergen County's Commissioners are: Thomas J. Sullivan Jr. (D, Montvale , 2025), Chair Germaine M. Ortiz (D, Emerson , 2025), Joan Voss (D, Fort Lee , 2026), Vice Chair Mary J. Amoroso (D, Mahwah , 2025), Rafael Marte (D, Bergenfield , 2026), Steven A. Tanelli (D, North Arlington , 2024) and Tracy Silna Zur (D, Franklin Lakes , 2024). Bergen County's constitutional officials are: Clerk John S. Hogan (D, Northvale , 2026), Sheriff Anthony Cureton (D, Englewood , 2024) and Surrogate Michael R. Dressler (D, Cresskill , 2026). As of March 2011, there were

378-405: A staggered basis, with two seats coming up for election each year in a three-year cycle. The borough form of government used by Cresskill is a " weak mayor / strong council" government in which council members act as the legislative body with the mayor presiding at meetings and voting only in the event of a tie. The mayor can veto ordinances subject to an override by a two-thirds majority vote of

432-589: A total of 4,904 registered voters in Cresskill, of which 1,263 (25.8% vs. 31.7% countywide) were registered as Democrats , 1,234 (25.2% vs. 21.1%) were registered as Republicans and 2,403 (49.0% vs. 47.1%) were registered as Unaffiliated . There were 4 voters registered as Libertarians or Greens . Among the borough's 2010 Census population, 57.2% (vs. 57.1% in Bergen County) were registered to vote, including 78.1% of those ages 18 and over (vs. 73.7% countywide). In

486-414: A turnout of 77.7% (vs. 76.8% in Bergen County). In the 2004 presidential election , Republican George W. Bush received 1,886 votes (50.5% vs. 47.2% countywide), ahead of Democrat John Kerry with 1,813 votes (48.5% vs. 51.7%) and other candidates with 27 votes (0.7% vs. 0.7%), among the 3,738 ballots cast by the borough's 4,748 registered voters, for a turnout of 78.7% (vs. 76.9% in the whole county). In

540-486: Is a financial asset , g t {\displaystyle g_{t}} is a nominal interest rate and r t {\displaystyle r_{t}} is the corresponding real interest rate ; the first-order approximation r t = g t − i t {\displaystyle r_{t}=g_{t}-i_{t}} is known as the Fisher equation . Looking back into

594-447: Is a combination career and volunteer fire department that serves Cresskill and neighboring municipalities. The Fire Department is led by a Career Chief of Department and a Volunteer Deputy Chief, that lead the career and volunteer firefighters. The CFD is comprised of a squad truck, two engines, one ladder truck, and a rescue vehicle. Since Cresskill's EMS service closed down in 2015, Emergency Medical Services are provided to residents under

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648-438: Is a sample of goods , which is used to represent the sum total of goods across the economy to which the goods belong, for the purpose of comparison across different times (or locations). At a single point of time, a commodity bundle consists of a list of goods, and each good in the list has a market price and a quantity. The market value of the good is the market price times the quantity at that point of time. The nominal value of

702-459: Is calculated relative to a base or reference date. P 0 {\displaystyle P_{0}} is the value of the index at the base date. For example, if the base date is (the end of) 1992, P 0 {\displaystyle P_{0}} is the value of the index at (the end of) 1992. The price index is typically normalized to start at 100 at the base date, so P 0 {\displaystyle P_{0}}

756-432: Is home to the highest number of boroughs of any New Jersey county, at 56. The Borough Act of 1878 allowed any township (or portion thereof) with a land area of no more than four square miles (10 km ) and a population not exceeding 5,000, to establish itself as an independent borough through a petition and referendum process on a self-executing basis. As enacted, a borough would be governed by an elected mayor (serving

810-441: Is set to 100. The length of time between each value of t {\displaystyle t} and the next one, is normally constant regular time interval, such as a calendar year. P t {\displaystyle P_{t}} is the value of the price index at time t {\displaystyle t} after the base date. P t {\displaystyle P_{t}} equals 100 times

864-411: Is the change in the price index divided by the price index value at time t − 1 {\displaystyle t-1} : i t = P t − P t − 1 P t − 1 {\displaystyle i_{t}={\frac {P_{t}-P_{t-1}}{P_{t-1}}}} expressed as a percentage. The nominal value of

918-540: Is the inflation rate. For values of i t {\displaystyle i_{t}} between −1 and 1 (i.e. ±100 percent), we have the Taylor series so Hence as a first-order ( i.e. linear) approximation, The bundle of goods used to measure the Consumer Price Index (CPI) is applicable to consumers. So for wage earners as consumers, an appropriate way to measure real wages (the buying power of wages)

972-453: Is to divide the nominal wage (after-tax) by the growth factor in the CPI. Gross domestic product (GDP) is a measure of aggregate output. Nominal GDP in a particular period reflects prices that were current at the time, whereas real GDP compensates for inflation. Price indices and the U.S. National Income and Product Accounts are constructed from bundles of commodities and their respective prices. In

1026-485: Is used in 218 municipalities (of the 564) statewide, making it the most common form of government in New Jersey. The governing body is comprised of the mayor and the borough council, with all positions elected at-large on a partisan basis as part of the November general election. A mayor is elected directly by the voters to a four-year term of office. The borough council includes six members elected to serve three-year terms on

1080-539: The 118th United States Congress , New Jersey's 5th congressional district is represented by Josh Gottheimer ( D , Wyckoff ). New Jersey is represented in the United States Senate by Democrats Cory Booker ( Newark , term ends 2027) and George Helmy ( Mountain Lakes , term ends 2024). For the 2024–2025 session , the 39th legislative district of the New Jersey Legislature is represented in

1134-516: The 2000 United States census there were 7,746 people, 2,630 households, and 2,161 families residing in the borough. The population density was 3,625.9 inhabitants per square mile (1,400.0/km). There were 2,702 housing units at an average density of 1,264.8 per square mile (488.3/km). The racial makeup of the borough was 78.05% White , 0.92% African American , 0.04% Native American , 18.64% Asian , 0.65% from other races , and 1.70% from two or more races. Hispanic or Latino of any race were 3.99% of

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1188-623: The 2013 gubernatorial election , Republican Chris Christie received 64.3% of the vote (1,412 cast), ahead of Democrat Barbara Buono with 34.9% (766 votes), and other candidates with 0.9% (19 votes), among the 2,259 ballots cast by the borough's 4,949 registered voters (62 ballots were spoiled), for a turnout of 45.6%. In the 2009 gubernatorial election , Republican Chris Christie received 1,213 votes (49.5% vs. 45.8% countywide), ahead of Democrat Jon Corzine with 1,106 votes (45.2% vs. 48.0%), Independent Chris Daggett with 99 votes (4.0% vs. 4.7%) and other candidates with 8 votes (0.3% vs. 0.5%), among

1242-615: The 2016 presidential election , Democrat Hillary Clinton received 2,086 votes (52.8% vs. 54.2% countywide), ahead of Republican Donald Trump with 1,689 votes (42.7% vs. 41.1% countywide) and other candidates with 127 votes (3.2% vs 3.0% countywide), among the 3,953 ballots cast by the borough's 5,467 registered voters for a turnout of 72.3% (vs. 73% in Bergen County). In the 2012 presidential election , Republican Mitt Romney received 1,805 votes (49.7% vs. 43.5% countywide), ahead of Democrat Barack Obama with 1,777 votes (48.9% vs. 54.8%) and other candidates with 22 votes (0.6% vs. 0.9%), among

1296-523: The State Senate by Holly Schepisi ( R , River Vale ) and in the General Assembly by Robert Auth (R, Old Tappan ) and John V. Azzariti (R, Saddle River ). Bergen County is governed by a directly elected County Executive , with legislative functions performed by a Board of County Commissioners composed of seven members who are elected at-large to three-year terms in partisan elections on

1350-448: The 2,449 ballots cast by the borough's 4,975 registered voters, yielding a 49.2% turnout (vs. 50.0% in the county). The Cresskill Public Schools serve students in pre-kindergarten through twelfth grade The district is governed by a board of education and administered by a superintendent of schools, a school business administrator / board secretary, and principals, as part of the district's staff of more than 320 employees. Schools in

1404-423: The 3,634 ballots cast by the borough's 5,163 registered voters, for a turnout of 70.4% (vs. 70.4% in Bergen County). In the 2008 presidential election , Democrat Barack Obama received 1,989 votes (50.4% vs. 53.9% countywide), ahead of Republican John McCain with 1,913 votes (48.5% vs. 44.5%) and other candidates with 23 votes (0.6% vs. 0.8%), among the 3,944 ballots cast by the borough's 5,074 registered voters, for

1458-465: The 5 counted in 2000. 26.8% of the population were under the age of 18, 5.4% from 18 to 24, 20.6% from 25 to 44, 29.8% from 45 to 64, and 17.4% who were 65 years of age or older. The median age was 43.7 years. For every 100 females, the population had 88.6 males. For every 100 females ages 18 and older there were 85.7 males. The Census Bureau's 2006–2010 American Community Survey showed that (in 2010 inflation-adjusted dollars) median household income

1512-540: The Academy of Saint Therese of Lisieux, which opened in 1957, was shuttered by the Roman Catholic Archdiocese of Newark at the end of the 2019–20 school year, in the wake of declining enrollment and an unsustainable subsidy from the diocese of more than $ 300,000 per year. As of May 2010, the borough had a total of 37.02 miles (59.58 km) of roadways, of which 33.65 miles (54.15 km) were maintained by

1566-569: The Munsee-Delaware. The borough, a suburb of New York City , borders the Bergen County municipalities of Alpine , Bergenfield , Demarest , Dumont and Tenafly . The 2010 United States census counted 8,573 people, 3,002 households, and 2,318 families in the borough. The population density was 4,154.5 per square mile (1,604.1/km). There were 3,114 housing units at an average density of 1,509.0 per square mile (582.6/km). The racial makeup

1620-402: The age of 18; 66.2% were married couples living together; 7.9% had a female householder with no husband present and 22.8% were non-families. Of all households, 21.1% were made up of individuals and 15.4% had someone living alone who was 65 years of age or older. The average household size was 2.84 and the average family size was 3.32. Same-sex couples headed 7 households in 2010, an increase from

1674-405: The average family size was 3.26. In the borough the age distribution of the population shows 26.3% under the age of 18, 4.7% from 18 to 24, 26.4% from 25 to 44, 25.7% from 45 to 64, and 16.9% who were 65 years of age or older. The median age was 41 years. For every 100 females, there were 92.7 males. For every 100 females age 18 and over, there were 88.2 males. The median income for a household in

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1728-413: The base year are respectively: The real wage each year measures the buying power of the hourly wage in common terms. In this example, the real wage rate increased by 20 percent, meaning that an hour's wage would buy 20% more goods in year 2 compared with year 1. As was shown in the section above on the real growth rate, where and as a first-order approximation, In the case where the growing quantity

1782-433: The borough was $ 84,692, and the median income for a family was $ 96,245. Males had a median income of $ 61,194 versus $ 38,990 for females. The per capita income for the borough was $ 41,573. About 1.7% of families and 3.0% of the population were below the poverty line , including 3.7% of those under age 18 and 3.9% of those age 65 or over. Cresskill is governed under the borough form of New Jersey municipal government, which

1836-445: The case of GDP, a suitable price index is the GDP price index. In the U.S. National Income and Product Accounts, nominal GDP is called GDP in current dollars (that is, in prices current for each designated year), and real GDP is called GDP in [base-year] dollars (that is, in dollars that can purchase the same quantity of commodities as in the base year). then real wages using year 1 as

1890-552: The commodity bundle at a point of time is the total market value of the commodity bundle, depending on the market price, and the quantity, of each good in the commodity bundle which are current at the time. A price index is the relative price of a commodity bundle. A price index can be measured over time, or at different locations or markets. If it is measured over time, it is a series of values P t {\displaystyle P_{t}} over time t {\displaystyle t} . A time series price index

1944-447: The context of local government in the U.S. state of New Jersey , refers to one of five types and one of eleven forms of municipal government (in addition to those established under a special charter ). The borough is the most common form of local government in New Jersey . In 2023 there were 253 boroughs in New Jersey. However, boroughs were not always so common. In 1875 only 17 boroughs had been created, all by special acts of

1998-411: The cost of being a separate municipality to paying for the other schools. The Borough Act of 1897 amended the original Act, eliminating the self-executing incorporation feature of the earlier legislation. Henceforth, newly incorporated boroughs (or those seeking to dissolve or increase or decrease in size) required approval of the legislature. The elected mayor and six-member council were retained, with

2052-665: The council. The mayor makes committee and liaison assignments for council members, and most appointments are made by the mayor with the advice and consent of the council. As of 2024, the mayor of the Borough of Cresskill is Republican Benedict Romeo, whose term of office ends December 31, 2027. Members of the Cresskill Borough Council are Leslie Kaplan ( D , 2025), Arthur J. McLaughlin (D, 2026), Hector Olmo (R, 2026), Kathleen Savas (D, 2024), Kathy M. Schultz-Rummel (R, 2024) and Mark Spina (R, 2025). The Cresskill Fire Department

2106-510: The district (with 2022–23 enrollment data from the National Center for Education Statistics ) are Edward H. Bryan School with 531 students grades PreK-5, Merritt Memorial School with 276 students in grades PreK-5 and Cresskill Middle School / Cresskill High School with 398 students in middle school for grades 6-8 and 474 in high school for grades 9-12. Public school students from the borough, and all of Bergen County, are eligible to attend

2160-492: The growth factor of the price index. Real values can be found by dividing the nominal value by the growth factor of a price index. Using the price index growth factor as a divisor for converting a nominal value into a real value, the real value at time t relative to the base date is: The real growth rate r t {\displaystyle r_{t}} is the change in a nominal quantity Q t {\displaystyle Q_{t}} in real terms since

2214-547: The intersection of Madison Avenue and Knickerbocker Road ( CR 505 ). Sites in the borough listed on the National Register of Historic Places include: According to the United States Census Bureau , the borough had a total area of 2.07 square miles (5.36 km), including 2.07 square miles (5.35 km) of land and 0.01 square miles (0.01 km) of water (0.24%). It rests on land originally inhabited by

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2268-405: The legislature. These original boroughs were subdivisions of townships, established by state charter; Elizabeth was the first, established by royal charter in 1740, within the now defunct Elizabeth Township. About half of them had been dissolved, or changed into other forms of government—often cities. In 1875, a constitutional amendment prohibited such local or special legislation. Bergen County

2322-427: The mayor now serving a two-year term. The Borough Act of 1987 was created to streamline borough law and clear away amendments, changes, and contradictory rules that had accumulated over the century of the Borough's existence as a form of government. The 1987 Act allowed for the delegation of executive responsibility to an appointed administrator. Traditionally, voters elect a mayor and six council members at-large in

2376-839: The municipality and 3.37 miles (5.42 km) by Bergen County. County Route 505 and County Route 501 travel through Cresskill. The NJ Transit 166 bus route provides service to the Port Authority Bus Terminal in Midtown Manhattan , and local service is available on the 753 route. Bus service to Rockland County and the Port Authority Bus Terminal in NYC is also provided by Rockland Coaches route 20/20T. People who were born in, residents of, or otherwise closely associated with Cresskill include: Borough (New Jersey) A borough (also spelled boro ), in

2430-417: The past, the ex post real interest rate is approximately the historical nominal interest rate minus inflation. Looking forward into the future, the expected real interest rate is approximately the nominal interest rate minus the expected inflation rate. Not only time-series data, as above, but also cross-sectional data which depends on prices which may vary geographically for example, can be adjusted in

2484-405: The population. There were 2,630 households, out of which 40.6% had children under the age of 18 living with them, 71.1% were married couples living together, 8.5% had a female householder with no husband present, and 17.8% were non-families. 15.9% of all households were made up of individuals, and 9.7% had someone living alone who was 65 years of age or older. The average household size was 2.91 and

2538-399: The previous date t − 1 {\displaystyle t-1} . It measures by how much the buying power of the quantity has changed over a single period. where g t {\displaystyle g_{t}} is the nominal growth rate of Q t {\displaystyle Q_{t}} , and i t {\displaystyle i_{t}}

2592-459: The price level fixed 100 at the base date. The price index is applied to adjust the nominal value Q {\displaystyle Q} of a quantity, such as wages or total production, to obtain its real value. The real value is the value expressed in terms of purchasing power in the base year. The index price divided by its base-year value P t / P 0 {\displaystyle P_{t}/P_{0}} gives

2646-705: The secondary education programs offered by the Bergen County Technical Schools , which include the Bergen County Academies in Hackensack , and the Bergen Tech campus in Teterboro or Paramus . The district offers programs on a shared-time or full-time basis, with admission based on a selective application process and tuition covered by the student's home school district. Despite efforts by parents,

2700-524: The stream passing through. Cresskill was incorporated as a borough by an act of the New Jersey Legislature on May 8, 1894, from portions of Palisades Township . The borough was formed during the " Boroughitis " phenomenon then sweeping through Bergen County, in which 26 boroughs were formed in the county in 1894 alone. A portion of the borough was annexed by Alpine in 1904. Railroads provided access from Cresskill to customers in New York City, including

2754-509: The umbrella of the Cresskill Fire Department, providing 24/7 EMS service with paid per-diem staff. The Cresskill Police Department is made up of 22 police officers, complemented by Class I Special Police Officer's. The Police Department is open 24/7, and is located at 67 Union Avenue, in the rear of Borough Hall. Cresskill is located in the 5th Congressional District and is part of New Jersey's 39th state legislative district. For

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2808-493: The value of the commodity bundle at time t {\displaystyle t} , divided by the value of the commodity bundle at the base date. If the price of the commodity bundle has increased by one percent over the first period after the base date, then P 1 = 101. The inflation rate i t {\displaystyle i_{t}} between time t − 1 {\displaystyle t-1} and time t {\displaystyle t}

2862-428: Was $ 105,625 (with a margin of error of +/− $ 14,945) and the median family income was $ 128,382 (+/− $ 16,732). Males had a median income of $ 95,795 (+/− $ 24,665) versus $ 72,188 (+/− $ 16,155) for females. The per capita income for the borough was $ 56,485 (+/− $ 6,202). About 2.4% of families and 4.0% of the population were below the poverty line , including 1.8% of those under age 18 and 9.4% of those age 65 or over. As of

2916-400: Was 68.95% (5,911) White , 0.73% (63) Black or African American , 0.03% (3) Native American , 27.64% (2,370) Asian , 0.01% (1) Pacific Islander , 1.07% (92) from other races , and 1.55% (133) from two or more races. Hispanic or Latino of any race were 6.26% (537) of the population. Korean Americans accounted for 17.8% of the population. Of the 3,002 households, 40.5% had children under

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