TRENTON, N.J. – Following the Christie Administration’s Fiscal Year 2014 Budget proposal, which preserves municipal aid at last year’s level, the New Jersey Department of Community Affairs (DCA) today released municipal state aid figures for Monmouth County communities for the coming fiscal year. Governor Christie’s property tax reforms and stable aid funding are helping drive down the cost of local government and control property taxes for Monmouth area taxpayers. The municipal aid funding total for Fiscal Year 2014 is $1.364 billion.

“This preserved funding means no town in Monmouth County will see a decrease in formula municipal aid for the upcoming year. It also demonstrates that providing stable, predictable levels of municipal aid to support local governments and taxpayers is a core priority of my Administration,” said Governor Christie. “Together with bipartisan reforms such as the 2% property tax cap, pension and health benefits changes, and a 2% cap on interest arbitration awards, we are delivering real relief to property taxpayers in New Jersey as evidenced by two consecutive years of the smallest property tax increases in two decades.”

In 2011, New Jersey homeowners saw a statewide average rise of 2.4% in property taxes. In 2012, the statewide average increase was just 1.4%, the lowest in 24 years.

“The Christie Administration is by no means finished with property tax reform. My Department stands ready to assist the Governor in his efforts at preventing municipalities from increasing user fees, ending accumulated sick and vacation leave payouts for government employees, and giving Monmouth County’s municipalities greater flexibility in removing barriers to shared services,” said DCA Commissioner Richard E. Constable, III. “Working with Governor Christie, we are committed to doing whatever we can to ensure that sustainable, long-term property tax relief continues.”

The fiscal year 2014 budget proposal continues to decrease the Transitional Aid to Localities Program, which reflects Governor Christie’s commitment to keeping this discretionary aid as a temporary program for municipalities that are transitioning to self-sufficiency. The coming fiscal year’s program is funded at $94.5 million, a reduction of $14.2 million from the FY13 appropriation. In the program’s first year in fiscal year 2011, 22 municipalities received aid. That number dropped to 11 municipalities in fiscal year 2012 and 10 municipalities in the current fiscal year. Transitional Aid awards are based on aid applications submitted to the DCA. The DCA will continue to oversee and assist distressed municipalities to help reduce their dependence on discretionary aid.

The new municipal state aid figures are available on the DCA’s website at http://www.nj.gov/dca/divisions/dlgs/resources/stateaidinfo.shtml.

Below is a list of Municipal State Aid to communities in Monmouth County:


Municipality

State Aid

Allenhurst Borough

$196,033

Allentown Borough

$131,595

Asbury Park City

$13,492,844

Atlantic Highlands Borough

$325,117

Avon-by-the-Sea Borough

$146,125

Belmar Borough

$423,499

Bradley Beach Borough

$355,290

Brielle Borough

$296,018

Colts Neck Township

$1,980,938

Deal Borough

$455,315

Eatontown Borough

$1,464,615

Englishtown Borough

$142,206

Fair Haven Borough

$454,580

Farmingdale Borough

$137,208

Freehold Borough

$1,250,916

Freehold Township

$7,436,315

Highlands Borough

$354,559

Holmdel Township

$1,990,433

Howell Township

$7,918,357

Interlaken Borough

$107,023

Keansburg Borough

$1,825,631

Keyport Borough

$714,473

Little Silver Borough

$585,662

Loch Arbour Village

$37,346

Long Branch City

$4,288,133

Manalapan Township

$3,868,653

Manasquan Borough

$390,257

Marlboro Township

$2,268,949

Matawan Borough

$1,451,158

Aberdeen Township

$1,441,078

Middletown Township

$6,052,688

Millstone Township

$841,753

Monmouth Beach Borough

$291,039

Neptune Township

$4,997,454

Neptune City Borough

$477,866

Tinton Falls Borough

$1,490,459

Ocean Township

$2,528,544

Oceanport Borough

$542,848

Hazlet Township

$1,884,339

Red Bank Borough

$2,011,681

Roosevelt Borough

$81,849

Rumson Borough

$660,673

Sea Bright Borough

$160,827

Sea Girt Borough

$196,340

Shrewsbury Borough

$381,641

Shrewsbury Township

$85,903

Lake Como Borough

$336,118

Spring Lake Borough

$303,368

Spring Lake Heights Borough

$399,325

Union Beach Borough

$666,446

Upper Freehold Township

$518,481

Wall Township

$3,524,353

West Long Branch Borough

$796,169