The Coaster
Tuesday, May 17, 2022
No Result
View All Result
  • Browse News by Town
    • Allenhurst
    • Asbury Park
    • Avon
    • Bradley Beach
    • Deal
    • Interlaken
    • Loch Arbour
    • Long Branch
    • Neptune
    • Neptune City
    • Ocean Grove
    • Ocean Township
    • Tinton Falls
  • About Us
  • Advertise
  • Contact Us
Subscribe / Renew
  • Browse News by Town
    • Allenhurst
    • Asbury Park
    • Avon
    • Bradley Beach
    • Deal
    • Interlaken
    • Loch Arbour
    • Long Branch
    • Neptune
    • Neptune City
    • Ocean Grove
    • Ocean Township
    • Tinton Falls
  • About Us
  • Advertise
  • Contact Us
No Result
View All Result
The Coaster
No Result
View All Result
Home Neptune

In Neptune: No Increase for Municipal Tax

by The Coaster Editorial Staff
March 15, 2017
in Neptune
0
VIEWS
Share on FacebookShare via EmailShare on Twitter

 

coaster-news-200-newBy DON STINE

RELATED POSTS

Stabbing Incident at Asbury Park High School

Fatal Shooting in Neptune Under Investigation by County Prosecutor

May 17, 2022
City Clergy Want More Police Oversight

Pair Indicted in Connection with 3 Attempted Murders

April 25, 2022
Neptune Recreation Director Honored with State Award

Neptune Recreation Director Honored with State Award

April 21, 2022
2 Indicted for 2009 Long Branch Slaying

Man Dies in Neptune Collision

April 4, 2022

Neptune property owners will see no increase in their municipal purpose tax rate in 2017, which will remain steady at 78.5 cents for each $100 of assessed valuation.

The total $43,611,051 budget is only slightly more than last year’s $43,453,556 total budget. The $28,490,084 tax levy, or the amount to be raised through taxation, is about $500,000 less than last year’s $28,992,532 tax levy.

The budget will have a public hearing at the April 10 Township Committee meeting.

Chief Financial Officer Michael Bascom said there is a combination of cost-saving moves that resulted in the stable tax rate, including attrition and replacing retiring workers with new ones who are paid a lower a salary; continuing with health benefit contributions from employees; and cost stabilization by implementing automated garbage pickup and increased recycling efforts.

“An increase in our property value assessments by $90 million, or by 2.56 percent, was also a great help in keeping taxes steady,” he said.

Bascom said that the township is also making the final payments on special emergency bonds issued during clean-up efforts from Superstorm Sandy.

“This will help a lot with next year’s budget,” he said.

The township has also been able to hire more police officers, bringing the department’s complement from 74 to 79 officers.

The governing body applied $2,150,000 in surplus toward this year’s budget.

Trending This Week

Asbury Park Teen Is Ready for Pilot’s License

Asbury Park Teen Is Ready for Pilot’s License

May 11, 2022
Groundbreaking for Early Childhood Learning Center

Groundbreaking for Early Childhood Learning Center

May 16, 2022
Beach Cinema Still for Sale

In Asbury Park Summer Youth Counselors Needed

May 16, 2022
Our Lady of Mt. Carmel School Hosts Meet and Greet

Our Lady of Mt. Carmel School Hosts Meet and Greet

May 11, 2022

Advertise Online with The Coaster

Advertise on The Coaster to reach countless new customers for your local business.

START ADVERTISING TODAY
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

Contact Us

The Coaster
1011 Main St
Asbury Park, NJ 07712
Phone: 732-775-3010
FAX: 732-775-8345
editor@thecoaster.net

All Articles

Search Our Site

No Result
View All Result

© 2022 The New Coaster, LLC. All rights reserved.

No Result
View All Result
  • Browse News by Town
    • Allenhurst
    • Asbury Park
    • Avon
    • Bradley Beach
    • Deal
    • Interlaken
    • Loch Arbour
    • Long Branch
    • Neptune
    • Neptune City
    • Ocean Grove
    • Ocean Township
    • Tinton Falls
  • About Us
  • Advertise
  • Contact Us

© 2022 The New Coaster, LLC. All rights reserved.