Holmdel Township Committee Unanimously Passes 2017 Municipal Budget



The Holmdel Township Township Committee unanimously  approved the 2017 Calendar Year Budget during the May 23rd Township Committee Meeting. The Holmdel Township Committee, during the March 28, 2017 meeting, introduced a budget with a zero net tax increase. There was planned in the budget a new $2,000,000.00 debt instrument in the form of a bond to pay for infrastructure improvements.  The use of surplus is also utilized to stabilize budgets from year to year. That said, several significant revenue reductions pose a particular challenge the Township, including:

  • Local revenue down 9.82%
  • Uniform Construction Code Fees down 31.47%
  • Public and Private revenue down 85.71%
  • Receipts from delinquent taxes down 13.18%

Other points of interest from the Introduced budget include:

  • Municipal Purpose Tax of $14,527,232.10
  • Municipal Open Space Tax of $1,033,815.00
  • Estimated School District Tax of $56,000,000
  • Estimated County Purposes Tax of $11,300,000
  • Estimated County Library tax of $800,000
  • Estimated County Board of Health Tax of $250,000
  • Estimated County Open Space Tax of $650,000



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1 pkg. (16 oz.) farfalle pasta
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