Deal Municipal Tax Rate to Increase 2¢
Thursday, March 27th, 2008By DON STINE
Taxpayers in Deal will see a 2-cent increase in the municipal tax rate under the boroughs proposed 2008 budget.
The total $8,208,107 budget, up from $7,024,301 last year, carries a tax levy, or the amount to be raised through taxation, of $4,429,589, up from $4,184,134 last year.
The result is a 2-cent increase in the tax rate, for a total municipal-purpose tax rate of 40 cents for each $100 of assessed valuation.
The borough lost about $40,000 in state aid with only $479,456 coming in from the state in the form of energy tax receipts.
Coaster Photo by Tom Cardinale
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