Middletown Municipal Budget Introduced; Mayor Touts Frugality
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 …
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MiddletownMike
4:01 pm on Monday, April 4, 2011
Only in Middletown can the spending be cut by $4 million dollars but the amount taxes need to support the budget increase by $1.58 million, so instead of the tax rate going down as a result of the spending cuts, it will be going up. more ›