Wednesday, March 20, 2013
The tax levy will rise 1 percent under the Middletown Board of Education's proposed 2013-2014 budget. A Head Football Coach for HS North has been identified.
Update March 21: The budget proposal and the coaching appointment were approved by the school board. _____________________________ The 9-member school board will hear public comments on its proposed $147,856,250 budget, which calls for a 1% increase in the tax levy. The proposed 2013-14 budget tax levy is $126,254,312, up $1,250,042 from the year before. The school board estimates that the tax impact would be $53.24 more annually in school taxes for the owner of a house assessed at $375,000, the township's average. Details about the tentative budget and proposed initiatives that were introduced Feb. 27 are posted on the district website. The board is also expected to vote on the appointment of a new head football coach for Middletown …
Monday, March 4, 2013
Also, the school board proposes a 2013-2014 budget that will seek a 1% raise in the tax levy.
State aid to both the municipal government as well as the Middletown Township school district will remain flat this year, according to figures released by the state. The township will receive $6,052,688 from the state government, the same amount it received last year. The school district will receive $17,511,412 -- also the same amount as last year. The municipal government and school district are separate entities whose budgets -– as well as the state aid allocated to each – are not related. The Board of Education, which controls the school budget, released a tentative $147,856,250 operating budget Wednesday that calls for 1% increase in the tax levy. The proposed 2013-14 budget tax levy is $126,254,312, up $1,250,042 from the year before…
Monday, July 16, 2012
The plan, which comes in under cap, would cost the average taxpayer an additional $43 a year for municipal services.
The owner of the typical home in Middletown Township will pay about $43 more in muncipal taxes then last year under a new 2012 municipal budget adopted by the Township Committee on July 12. Under the $63.5 million spending plan, the owner of home assessed at $380,000, the township's average, would pay $1,835 for the municipal tax portion of the property tax bill. The municipal tax rate will increase 1.1 cents, to 48.3 cents per $100 of assessed valuation. The increase in the $47.6 million tax levy does not exceed the state imposed two percent cap. “I hope to keep the increase under 2% in the upcoming years,” Mayor Anthony Fiore said. “It’s been quite a challenge because of general inflation, the cost of fuel going up… and the lack of …
40.39384
-74.10462
Middletown Township Town Hall/Administrative Offices
1 Kings Hwy, Middletown, NJ
/articles/middletown-township-adopts-63-5-m-budget-a-1-97-increase-from-last-year
1207892
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Tuesday, May 1, 2012
No layoffs and less paid out in health care costs
What has been touted as the tightest Middletown municipal budget in ten years, with no township jobs on the chopping block, saw no major objections at last night's hearing. There were a few questions that were addressed, such one about the possibility of using surplus to bring the increase to zero. "But no one came out and said, 'This budget should not be adopted,'" Mayor Tony Fiore said. Though the adoption date of the proposed $63.5 million 2012 spending plan, with a tax levy of $47.6 million, has not yet been set, Administrator Anthony Mercantante said. The reason: like other municipalities, the township has to wait to have the exact state aid figures to plug in and the state Department of Community Affairs' Division of Local Government…
Thursday, April 12, 2012
A look back at the striking similarities and differences in Middletown schools budget negotiations a century ago compared to now.
It’s all about budgets this time of the year. And 100 years ago, the story was the same — except there was a lot of haggling over a lot less money. When you’re talking schools budgets these days, you’re talking about hundreds of millions of dollars. A century ago, they were talking tens of thousands. Granted, the dollar figures are all relative to the times. Tens of thousands was like hundreds of millions back then. But, the issues surrounding spending are still pretty much the same: salaries and wages and construction. Forget about health benefits. There weren’t any. There was no insurance. But, oddly, they did seem to have a deal with a dentist, of the mind that bad teeth made for bad students. The Middletown Township Board of Education…
Friday, March 30, 2012
Middletown officials attribute a comparatively higher rating from Moody's to austere, careful management.
Middletown has earned a top credit rating and officials say it couldn’t be better news for taxpayers. If a town has a good rating, Mayor Tony Fiore explained, then, just as with a credit card or FICO score, when a town then needs to borrow money, interest rates are lower and credit is more readily and amply available, because it's a low credit risk. It also means that for a town the size of Middletown, the largest municipality in Monmouth County, its debt is relatively small. According to a report by Bloomberg News on NJ.com, Moody’s Investor Service lowered ratings on $1.7 billion in debt for 24 other municipalities in the state, including a few in the Bayshore area. Moody’s recently affirmed that Middletown has an Aa2 bond rating. Moody'…
Monday, March 19, 2012
See what's going on at tonight's Township Committee meeting.
The Middletown Township Committee’s regular meeting is tonight at 8 p.m. at town hall; and, there are a couple of items on the agenda that residents may want to weigh in on. First, it’s budget time, and the committee is in preparation mode. "This budget is a very healthy one, which will come in well under the 2 percent cap," Mayor Tony Fiore said. As a precautionary fiscal measure, the committee is introducing an ordinance tonight to “exceed the municipal budget appropriation limits and establish a CAP bank.” "The CAP bank ordinance has no bearing on the actual budget figures for this year, which are under the 2 percent state-mandated cap," the mayor added. "It is only a routine, precautionary measure that we, along with many other towns, …
Tuesday, April 5, 2011
Township introduced budget with hike in taxpayer cost, $4 million in spending cuts; conforms with 2 percent Cap Levy Law
With respect to the introduced Middletown Township 2011 municipal budget, spending is down and taxes are up. It will cost the average taxpayer an extra $60 a year, or $5 a month, based on a new mean township property value of $380,000. Last year, the average was $435,000. Per $100 of assessed property value, if approved, this municipal budget will cost taxpayers about an extra eight cents on the rate this year, or a total rate of 47.02 cents per $100, up from 39.8 cents last year. Officially introduced at last night's regular Township Committee meeting, the $61 million spending plan, with a municipal tax levy of $46.7 million, is $3.87 million (or 5.9 percent) less than the 2010 municipal budget, Mayor Anthony Fiore pointed out in a …
Thursday, March 17, 2011
Final agreement marks compromise from initially requested figure
The budget deal has been sealed. After some minor quibbling, in front of a 14-member audience, the two resolutions, sponsored by the Middletown Township Library Board of Trustees, were passed, freeing up money to aid the township in its budget dilemma and authorizing the township to help the library with capital improvements. In a session that lasted from 7:00pm to 10:35pm on Wednesday night at Middletown Township Public Library’s Community Room, the Board voted five-to-two for a “resolution to unrestrict” $499,947 from its $1.2 million surplus for the purposes of the township tax relief. The number, lower than the initially township-requested $900,000, was what was agreed upon between the township and library board attorneys after much …
40.40423
-74.11007
Middletown Township Public Library
55 New Monmouth Rd, Middletown, NJ
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1207694
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Tuesday, February 22, 2011
Governor outlines 2012 budget proposal, including tax cuts, increased school aid
Gov. Chris Christie vowed on Tuesday afternoon to continue with what he coined as the “new normal” in New Jersey and keep the state on a path of fiscal frugality and reform. In his address outlining the state's 2012 budget, Christie said he is calling for a reform effort that “marks the line in the sand that separates the way things used to be, and the way they are going to be.” It reduces government spending 2.6 percent from last year’s $30.2 billion budget and “marks a departure from the Trenton tradition of budgeting to meet deficit projections that embrace wish-list spending by legislators and assume continuous funding increases that irresponsibly ignore actual revenue sources,” the governor said. Instead, his budget takes a “bottom to…
Jesse
11:31 pm on Monday, March 25, 2013
Alicia, Other states have managed to educate our future leaders just fine without using 60 percent of the property tax bill to do so. NJ needs to find another way to fund its schools. more ›