MIDDLETOWN, NJ – Township officials adopted an amended $64.7 million budget that reflects ongoing efforts to cut costs and keep the tax rate stable by cutting spending an additional $400,000.
“This year’s budget reflects a reduction of 40 staff positions, a salary freeze and across-the-board reductions in departmental operating budgets,” said Mayor Gerry Scharfenberger. “In sum, the Township’s amended budget represents a 2.67% increase in total property taxes in an extraordinarily difficult economic year.”
Under the amended budget, the municipal tax rate will increase 4.6 cents to 39.75 cents per $100 of assessed value. This equates to approximately $17 per month for the average Township home assessed at $435,000.
“This year, municipal taxes represent just 23% of a resident’s tax bill, with 62% being levied for schools and 15% for the county,” concluded Scharfenberger.
The adopted budget addresses nearly $10 million in lost revenue, including:
ATLANTIC HIGHLANDS ANIMAL HOSPITAL
We offer pet medicine, surgery, and dentistry services to pets in the Atlantic Highlands, NJ area. Learn more about what we do on our website, and reach out with any questions. We're here to serve! https://www.atlantichighlandsvet.com
- $1.6 million cut in state aid.
- $1.4 million obligation for retroactive pay under resolved labor contracts.
- $1 million in increased health care costs and nearly $1 million in deferred excess claims from 2009.
- $900,000 for extraordinary snow and storm clean-up.
- $1.8 million in deferred pension payments mandated by the state.
- $1 million in property tax appeal refunds.
- $400,000 in lost recycling revenue.
The amended budget can be viewed on line at www.middletownnj.org