Politics & Government

Tinton Falls Council Adopts $22.7 Million Budget

Taxy levy up by about 3 percent

The Tinton Falls Council adopted the 2013 municipal budget during its Tuesday night meeting.

The municipal budget totals $22.7 million, down about $200,000 from 2012.

Of that $22.7 million $12,514,968 will be raised by local taxes, an increase of about 3 percent from 2012.

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

The owner of an average-priced Tinton Falls home valued at $305,951, will see a $38 increase in their tax bill.

Mayor Michael Skudera recently said the borough's tax increase is "partially due to higher costs for goods and services, reduced revenues such as interests on investments, flat State aid funding, contractual salary increases and a 10% State-mandated increase in employee health benefits. 

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

"Additionally, we are experiencing a spike in tax appeal judgments that are anticipated to increase since the complete closure of Fort Monmouth in 2011," Skudera said in his budget address. "The most significant of these tax appeals are the result of increasing vacancies in commercial office and industrial properties previously occupied by private contractors working for the Army. The Borough bears 100% of the burden of refunds from tax appeal judgments even though it only receives less and a quarter of each refunded tax dollar."

To see the mayor's 2013 budget address in its entirety, click here


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