The Middletown Township Committee is slated to introduce their 2015 budget tonight with a spending decrease of $959,463. The total budget as introduced will be $69,437,466 compared to 2014 spending of $70,396,929.
Decreased non-tax revenues, including parking permits and court fees, of $2.8 million and increases in snow removal costs of $1.3 million and insurance costs of $600,000, were off set by savings from shared services agreements with other municipalities and the Middletown Board of Education, as well as utility cost savings for $223,000.
The tax levy on Township property owners will increase $428,484 to $46,964,220, not including the Township Library. With the library budget of $3,445,649, the overall tax levy increases by $486,502.Art Gallagher | Filed under: Middletown, Monmouth County, Monmouth County News | Tags: 2015 Budget, Mayor Stephanie Murray, Middletown, Middletown Township, Property Taxes, Tony Fiore | 1 Comment »