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Tinton Falls Council Looks To Lower Municipal Tax Levy

New revenue will help lower borough trim tax levy

 

The Tinton Falls Council municipal budget , but it may still see some changes that should please residents.

Tinton Falls Mayor Michael Skudera said the borough is anticipating new revenue that will help lower the municipal tax levy increase from 3.19 percent o 1.89 percent.

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

Mayor Skudera said recently received a FEMA grant for snowstorm and hurricane relief in the amount of $85,086 that will be 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 will help lower the tax levy, according to Borough CFO Stephen Pfeffer.

"We're still very cautious in our planning," Mayor Skudera said. "But we think we can get down to 1.89 percent with this revenue."

Pfeffer said because the budget was already introduced earlier this month, a amendment would need to be made at the April 3 budget hearing.

The council unanimously agreed to have Pfeffer create the amendment to have it ready for the next meeting.

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

"This budget allows us to keep services and we don't have to do anything to the surplus this year," Mayor Skudera said.

Councilman Steven Schertz added that he had some ideas to help trim the budget further and get it closer to a zero percent tax levy increase. The councilman did not announce any specific plans but did say he would bring them to the attention of Pfeffer before the April 3 meeting.

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