Middletown Township Reduces Spending and Property Taxes In 2017 Budget

Middletown Township Committee

The Middletown Township Committee will introduce a budget on Monday night that reduces Township spending by $161,459 and reduces the municipal tax rate by 3.49%

“We’ve taken a fine tooth comb to this budget in order to develop a spending plan that reduces costs without sacrificing core essential services,” said Mayor Gerry Scharfenberger, Ph.D. “We consistently seek ways to further minimize costs, maximize revenues and stretch a dollar.”

For the average homeowner, municipal taxes will decrease $5.31 this year.

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Posted: March 20th, 2017 | Author: | Filed under: Middletown, Monmouth County News, Property Taxes | Tags: , , , , , , | No Comments »

Monmouth Freeholders Cut Spending and Taxes

MON CTY FREHDLS

Monmouth County Freeholders Gary Rich, Lillian Burry, Director Tom Arnone, Deputy Director Serena DiMaso and John Curley

The Monmouth County Board of Chosen Freeholders introduced a budget on Thursday that reduces County spending by $18.2 million and reduces the property tax levy on County residents and businesses by $4.5 million.  The tax decrease is the first in 21 years and maybe ever, according to County Finance Director Craig Marshall.

The budget for the next fiscal year rolls County taxes back to 2008 levels and reduces spending to less than the 2007 budget. The tax cut reverses an increase, the only one since 2007, that the County imposed in the current year.

“This is a real cut,” said Freeholder Director Tom Arnone. “There is no fiscal gimmickry or raiding of trust funds or utility balances in this budget.”

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Posted: February 12th, 2016 | Author: | Filed under: Monmouth County, Monmouth County Board of Freeholders, Monmouth County Budget, Monmouth County News, Serena DiMaso, Tom Arnone | Tags: , , , , , , | 17 Comments »