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Slight Increase in Municipal Taxes in Tinton Falls

  TINTON FALLS – The municipal budget adopted by Tinton Falls this week features an average $38 increase in municipal taxes for taxpayers. The $22,688,81 is actually less than last year’s budget of $22,877,935.00 which is a savings of $189,124.00. The tax rate was increased slightly from .441 to .454 which is an increase of .0126. On an average household value of around $300,000 the increase is only $38. Health care premiums, salaries, and various items purchased were all reasons given to justify this year’s budget, borough officials said. There was a surplus of $3,950,000 of which $2,773,806.00 was used…

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