Politics & Government

Tinton Falls Budget Adopted With Reduced Tax Levy

Borough Council adopts resolution to lower tax levy and unanimously adopts 2012 municipal budget

 

The 2012 Tinton Falls municipal budget was been adopted and contains a lower tax levy than originally expected.

The Tinton Falls Council unanimously approved the budget and an amendment that increased the total amount of anticipated revenue in the budget.

Find out what's happening in Long Branch-Eatontownwith free, real-time updates from Patch.

Tinton Falls Mayor Michael Skudera said the borough was able to anticipate new revenue that will helped lower the municipal tax levy increase from 3.19 percent to 1.89 percent.

This change amounts to a $2 per month increase for the average homeowner's monthly property tax bill.

Find out what's happening in Long Branch-Eatontownwith free, real-time updates from Patch.

Mayor Skudera said the borough recently received a FEMA grant for snowstorm and hurricane relief in the amount of $85,086 that has been applied as revenue in the 2012 budget.

The FEMA grant combined with a $60,000 increase in uniform construction code fee revenue and a $7,000 revenue increase for the municipal hotel tax helped lower the tax levy, according to Borough CFO Stephen Pfeffer.

The total budget for 2012 is $22.88 million, which is an increase of $380,857, Mayor Skudera recently told Patch.


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