Wednesday, May 8, 2013
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. 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. "Additionally, we are experiencing a spike in tax appeal judgments that …
Wednesday, April 25, 2012
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. 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. 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,…
Wednesday, March 21, 2012
New revenue will help lower borough trim tax levy
The Tinton Falls Council municipal budget has already been introduced, 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…
Wednesday, February 8, 2012
Rising state-mandated health care costs are exempt from the two-percent cap
The municipal budget season officially kicked off in Tinton Falls on Tuesday night when the mayor presented the 2012 draft to the borough council. Tax payers can expect to see an increase in the borough's tax levy that stays within the governor's mandated two-percent cap, which Mayor Michael Skudera attributed to higher costs for goods and services, flat state aid funding, and contractual salary increases. While the tax levy goes up a little over three percent, Skudera said the 10-percent increase in state mandated health care -- even though overall employee headcount remained lower -- was exempt from the two-percent cap. The total budget for 2012 is $22.88 million, which is an increase of $380,857, Skudera told Patch on Wednesday. Another…
Tuesday, February 7, 2012
Council will also support moving school elections to November
Tinton Falls' mayor will present the 2012 budget and discuss contributing factors at the borough council's regular meeting on Tuesday night. Mayor Michael Skudera' presentation will include: Also on the meeting's agenda is a resolution authorizing the move of the district's annual school board elections from April to November at both the elementary and high school levels. Skudera told Patch in an e-mail that the borough's recent move of its municipal elections to November resulted in cost savings and increased voter turnout and he felt school board elections would see similar benefits if moved. The Tinton Falls Board of Education will discuss moving elections at its Feb. 13 meeting.
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Paul
3:18 pm on Monday, February 20, 2012
I think my taxes went lower again this year. I believe it was the property reassessment that distributed the tax burden more accurately amongst the "Mcmansions". more ›