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43-799: Bethany Chapel , also known as the Hamburg Presbyterian Church , is a historic building located at 103 Hamburg Turnpike in the borough of Hamburg , in Sussex County, New Jersey , United States. Built in 1869, it was added to the National Register of Historic Places on February 29, 1980, for its significance in architecture and religion. The church was constructed using random coursed stone in 1869. Two transepts were added in 1879. The bell tower and steeple were added in 1884. All sections feature rural Gothic Revival architecture . Hamburg, New Jersey Hamburg

86-490: A student–teacher ratio of 8.3:1. Public school students in ninth through twelfth grades attend Wallkill Valley Regional High School together with students from Franklin Borough , Hardyston Township and Ogdensburg Borough . As of the 2018–19 school year, the high school had an enrollment of 604 students and 56.0 classroom teachers (on an FTE basis), for a student–teacher ratio of 10.8:1. As of May 2010 ,

129-451: 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

172-404: A staggered basis, with two seats coming up for election each year in a three-year cycle. The borough form of government used by Hamburg 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

215-601: A total of 2,064 registered voters in Hamburg, of which 322 (15.6% vs. 16.5% countywide) were registered as Democrats , 752 (36.4% vs. 39.3%) were registered as Republicans and 988 (47.9% vs. 44.1%) were registered as Unaffiliated . There were 2 voters registered as either Libertarians or Greens . Among the borough's 2010 Census population, 63.0% (vs. 65.8% in Sussex County) were registered to vote, including 81.3% of those ages 18 and over (vs. 86.5% countywide). In

258-675: A turnout of 74.7% (vs. 77.7% in the whole county). In the 2013 gubernatorial election , Republican Chris Christie received 67.7% of the vote (570 cast), ahead of Democrat Barbara Buono with 29.7% (250 votes), and other candidates with 2.6% (22 votes), among the 851 ballots cast by the borough's 2,115 registered voters (9 ballots were spoiled), for a turnout of 40.2%. In the 2009 gubernatorial election , Republican Chris Christie received 546 votes (59.2% vs. 63.3% countywide), ahead of Democrat Jon Corzine with 283 votes (30.7% vs. 25.7%), Independent Chris Daggett with 78 votes (8.5% vs. 9.1%) and other candidates with 12 votes (1.3% vs. 1.3%), among

301-492: Is a borough in Sussex County , in the U.S. state of New Jersey . As of the 2020 United States census , the borough's population was 3,266, a decrease of 11 (−0.3%) from the 2010 census count of 3,277, which in turn reflected an increase of 172 (+5.5%) from the 3,105 counted in the 2000 census . The United States Census Bureau 's Population Estimates Program calculated that the population of Hamburg increased by 65 (+2.0%) to 3,331 in 2023. In 1753, when Sussex County

344-490: 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

387-438: 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

430-459: 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}}

473-401: Is governed by a Board of County Commissioners whose five members are elected at-large in partisan elections on a staggered basis, with either one or two seats coming up for election each year. At an annual reorganization meeting held in the beginning of January, the board selects a Commissioner Director and Deputy Director from among its members, with day-to-day supervision of the operation of

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516-787: 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 24th legislative district of the New Jersey Legislature is represented in the State Senate by Parker Space ( R , Wantage Township ) and in the General Assembly by Dawn Fantasia (R, Franklin ) and Mike Inganamort (R, Chester Township ). Sussex County

559-441: 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

602-411: 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

645-553: 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)

688-456: 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

731-561: 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. The mayor is elected directly by the voters to a four-year term of office. The borough council is comprised of six members elected to serve three-year terms on

774-516: The 2000 United States census there were 3,105 people, 1,173 households, and 844 families residing in the borough. The population density was 2,686.6 inhabitants per square mile (1,037.3/km ). There were 1,233 housing units at an average density of 1,066.9 per square mile (411.9/km ). The racial makeup of the borough was 93.14% White , 0.74% African American , 0.29% Native American , 2.29% Asian , 1.67% from other races , and 1.87% from two or more races. Hispanic or Latino of any race were 4.22% of

817-585: The 2012 presidential election , Republican Mitt Romney received 733 votes (53.6% vs. 59.4% countywide), ahead of Democrat Barack Obama with 594 votes (43.5% vs. 38.2%) and other candidates with 30 votes (2.2% vs. 2.1%), among the 1,367 ballots cast by the borough's 2,104 registered voters, for a turnout of 65.0% (vs. 68.3% in Sussex County). In the 2008 presidential election , Republican John McCain received 852 votes (57.1% vs. 59.2% countywide), ahead of Democrat Barack Obama with 606 votes (40.6% vs. 38.7%) and other candidates with 24 votes (1.6% vs. 1.5%), among

860-423: The 1,491 ballots cast by the borough's 2,007 registered voters, for a turnout of 74.3% (vs. 76.9% in Sussex County). In the 2004 presidential election , Republican George W. Bush received 893 votes (63.0% vs. 63.9% countywide), ahead of Democrat John Kerry with 490 votes (34.6% vs. 34.4%) and other candidates with 27 votes (1.9% vs. 1.3%), among the 1,417 ballots cast by the borough's 1,897 registered voters, for

903-399: The 922 ballots cast by the borough's 1,985 registered voters, yielding a 46.4% turnout (vs. 52.3% in the county). The Hamburg School District serves students in public school for kindergarten through eighth grade at Hamburg School. As of the 2018–19 school year, the district, comprised of one school, had an enrollment of 243 students and 29.3 classroom teachers (on an FTE basis), for

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946-693: The Sussex County municipalities of Franklin and Hardyston Township . The 2010 United States census counted 3,277 people, 1,364 households, and 884 families in the borough. The population density was 2,870.4 per square mile (1,108.3/km ). There were 1,476 housing units at an average density of 1,292.9 per square mile (499.2/km ). The racial makeup was 91.27% (2,991) White , 2.01% (66) Black or African American , 0.24% (8) Native American , 2.04% (67) Asian , 0.00% (0) Pacific Islander , 1.80% (59) from other races , and 2.62% (86) from two or more races. Hispanic or Latino of any race were 6.87% (225) of

989-399: The average family size was 3.14. In the borough the population was spread out, with 26.8% under the age of 18, 7.1% from 18 to 24, 35.2% from 25 to 44, 22.8% from 45 to 64, and 8.1% who were 65 years of age or older. The median age was 35 years. For every 100 females, there were 92.1 males. For every 100 females age 18 and over, there were 90.9 males. The median income for a household in

1032-413: 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

1075-762: The borough had a total of 11.04 miles (17.77 km) of roadways, of which 7.50 miles (12.07 km) were maintained by the municipality, 1.00 mile (1.61 km) by Sussex County and 2.54 miles (4.09 km) by the New Jersey Department of Transportation . Route 23 and Route 94 intersect and pass through the borough. Hamburg is served by the Sussex County Skylands Ride Service, which provides buses to Newton, Sparta, and Sussex. People who were born in, residents of, or otherwise closely associated with Hamburg include: Inflation adjustment A commodity bundle

1118-433: The borough was $ 58,246, and the median income for a family was $ 64,773. Males had a median income of $ 45,729 versus $ 28,482 for females. The per capita income for the borough was $ 24,651. About 3.1% of families and 4.6% of the population were below the poverty line , including 5.9% of those under age 18 and 6.4% of those age 65 or over. Hamburg is governed under the borough form of New Jersey municipal government, which

1161-435: The borough. Law served on an interim basis until the November 2014 general election, when he was elected to serve the one year remaining on the term of office. Hamburg is located in the 5th Congressional District and is part of New Jersey's 24th state legislative district. For the 118th United States Congress , New Jersey's 5th congressional district is represented by Josh Gottheimer ( D , Wyckoff ). New Jersey

1204-448: 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

1247-552: 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

1290-579: 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 Hamburg Borough is Republican Richard Krasnomowitz, whose term of office ends December 31, 2026. Members of the Borough Council are John Burd (R, 2025), George Endres (R, 2026), John Haig (R, 2024), Russell Law (R, 2025), Joyce Oehler (R, 2026) and Mark S. Sena (R, 2024). In August 2018, Joyce Oehler

1333-602: The county delegated to a County Administrator. As of 2024 , Sussex County's Commissioners are Director Jill Space ( R , Wantage Township , 2025), Deputy Director Chris Carney (R, Frankford Township , 2024), Jack DeGroot (R, Sussex , 2026), William Hayden (R, Branchville , 2025) and Earl Schick (R, Newton , 2024). Constitutional officers elected on a countywide basis are Clerk Jeffrey M. Parrott (R, Wantage Township, 2026), Sheriff Michael F. Strada (R, Hampton Township , 2025) and Surrogate Gary R. Chiusano (R, Frankford Township, 2028). As of March 2011, there were

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1376-492: 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

1419-417: 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

1462-432: The population were under the age of 18, 7.1% from 18 to 24, 30.2% from 25 to 44, 28.5% from 45 to 64, and 11.7% who were 65 years of age or older. The median age was 38.9 years. For every 100 females, the population had 94.3 males. For every 100 females ages 18 and older there were 88.4 males. The Census Bureau's 2006–2010 American Community Survey showed that (in 2010 inflation-adjusted dollars) median household income

1505-410: The population. There were 1,173 households, out of which 37.3% had children under the age of 18 living with them, 57.7% were married couples living together, 10.5% had a female householder with no husband present, and 28.0% were non-families. 23.3% of all households were made up of individuals, and 6.0% had someone living alone who was 65 years of age or older. The average household size was 2.65 and

1548-418: The population. Of the 1,364 households, 30.8% had children under the age of 18; 49.5% were married couples living together; 10.8% had a female householder with no husband present and 35.2% were non-families. Of all households, 29.4% were made up of individuals and 8.9% had someone living alone who was 65 years of age or older. The average household size was 2.40 and the average family size was 2.98. 22.5% of

1591-399: 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}}

1634-459: 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

1677-493: 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}

1720-427: Was $ 64,016 (with a margin of error of +/− $ 6,681) and the median family income was $ 74,421 (+/− $ 13,156). Males had a median income of $ 66,083 (+/− $ 11,467) versus $ 40,735 (+/− $ 7,620) for females. The per capita income for the borough was $ 30,528 (+/− $ 3,671). About 7.0% of families and 7.8% of the population were below the poverty line , including 11.6% of those under age 18 and 12.8% of those age 65 or over. As of

1763-636: Was appointed to fill the seat expiring in December 2020 that had been held by Chris Fitzpatrick until he resigned from office. Oehler won the November 2018 special election to serve the balance of the term of office. In April 2014, the borough council selected former councilmember Russell Law from a list of three candidates nominated by the Republican municipal committee to fill the vacant seat expiring in December 2016 of Chris Kelly, who had resigned from office after announcing that he would be moving out of

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1806-471: Was formed from portions of Morris County , the area of present-day Hamburg was part of New Town ; on February 25, 1762, it became part of the newly established Hardyston Township . On April 8, 1793, when Vernon Township was formed from Hardyston, Hamburg was included within the boundaries of Vernon. In 1852, the boundary line was changed so that Hamburg was again in Hardyston Township. Hamburg

1849-521: Was incorporated as a borough on March 19, 1920, from portions of Hardyston Township, based on the results of a referendum held on April 24, 1920. The borough was named after Hamburg, Germany . According to the United States Census Bureau , the borough had a total area of 1.17 square miles (3.03 km ), including 1.15 square miles (2.96 km ) of land and 0.02 square miles (0.06 km ) of water (2.05%). Hamburg borders

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