The Coaster
Wednesday, June 7, 2023
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 Asbury Park

Asbury Park Transitional Aid Reduced

by The Coaster Editorial Staff
September 13, 2017
in Asbury Park
0
VIEWS
Share on FacebookShare via EmailShare on Twitter

 

coaster-news-200-newBy JOANNE L. PAPAIANNI

Asbury Park was expected to introduce the municipal budget at its Sept. 13 meeting after amending it to reflect a $300,000 reduction in state Transitional Aid.

The original budget included $850,000 in expected aid, but when the final figures were given, the city learned it is only receiving $500,000.

City Manager Michael Capabianco said to make up the difference the city used a one-time revenue, approved by the state, for the land-lease to the Michael’s Group which is developing the Renaissance Project on Springwood Avenue.

That amount, he said, is $500,000, of which $300,000 will be put in the budget to cover the shortfall and the rest towards insurance costs.

The city has been receiving transitional aid for many years, with the goal of reducing it completely.

Cities receiving the aid must adhere to state guidelines when administering the funds.

Related Posts

Stabbing Incident at Asbury Park High School

Asbury Park Man Charged With Kidnapping, Luring Girl, 11

June 6, 2023
Words and Voices from Asbury Park’s History Presented at Crane House

Words and Voices from Asbury Park’s History Presented at Crane House

June 5, 2023
In Asbury Park School Budget Features Substantial Tax Boost

In Asbury Park School Officials Discuss Resurrecting Alternate School

June 5, 2023
Condominium Complex Planned Adjacent to the Wonder Bar

Condominium Complex Planned Adjacent to the Wonder Bar

May 24, 2023
Beach Cinema Still for Sale

Asbury Park to Receive $526,000 In Funding to Support Local Businesses

May 22, 2023
Stabbing Incident at Asbury Park High School

Asbury Park Man Indicted For Torturing, Killing Pet Cat

May 16, 2023

Trending This Week

Ocean Grove Burglar Arrested

May 31, 2023
In Asbury Park School Budget Features Substantial Tax Boost

In Asbury Park School Officials Discuss Resurrecting Alternate School

June 5, 2023
2 Lawsuits Filed Over Neptune City’s Marijuana Ordinance

In Neptune Another Cannabis Business OK’d

May 31, 2023
Intrigue Continues Over Anonymous Requests

Bradley Beach Mayor Sues Council

June 6, 2023

Advertisement

Advertise Online with The Coaster

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

START ADVERTISING TODAY

E-mail Newsletter

Sign up to get a free weekly newsletter to your inbox.

Subscribe

Contact Us

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

Email Newsletter »

All Articles

Search Our Site

No Result
View All Result

© 2023 The New Coaster, LLC. All rights reserved. • Privacy Policy

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

© 2023 The New Coaster, LLC. All rights reserved. • Privacy Policy