Government

Holmdel Township Committee Unanimously Passes 2017 Municipal Budget

921c4f31fb8bc0f3e2f2_mini_magick20170513-19143-1ql0b6c.jpg
921c4f31fb8bc0f3e2f2_mini_magick20170513-19143-1ql0b6c.jpg

HOLMDEL, NJ -

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

 

 

TAP Into Another Town's News:

You May Also Be Interested In

Sign Up for E-News

Holmdel & Colts Neck

Upcoming Events

Carousel_image_2e1ea4fd26ca747fb6e6_img_20180614_232938_736

Mon, June 18, 6:00 PM

Saint Leo the Great School, Lincroft

St Leo's Carnival

Arts & Entertainment

Carousel_image_e58a0c428ed1de546878_mini_magick20180615-55351-12ueg0s

Wed, June 20, 7:00 PM

Town Hall, Holmdel

Holmdel Zoning Board

Carousel_image_c5d105d4eeb08edcd562_homerunderby

Sat, June 23, 3:00 PM

Laird Field, Colt Neck

Tony Garito Memorial Colts Neck Home Run Derby

Sports

Carousel_image_480ea0c45fdafa19036e_bellmarket

Wed, June 27, 5:30 PM

Bell Market @ Bell Works, Holmdel

Holmdel Chamber of Commerce Hosts Networking ...

New Jersey Launches NJ ABLE Accounts to Help Individuals with Disabilities Save for Expenses

June 18, 2018

Human Services Commissioner Johnson Unveils Tax-Free Savings Accounts for Individuals with Disabilities

Murphy Administration NJ ABLE Launch Welcomed by Individuals, Families & Advocates

June 18, 2018

(TRENTON) – New Jersey Human Services Commissioner Carole Johnson on Monday announced the launch of a major new program to help individuals with disabilities become more ...

Holmdel High School Sophomores Receive Awards for Writing

HOLMDEL, N.J. –  Two talented Holmdel High School sophomores, Aidan Choo and Owen Walor, recently received accolades in two separate prestigious writing competitions.

Aidan Choo was recognized as the winner of the Sijo competition in the Sejong Cultural Society’s annual contest. According to their website, the Society’s mission is to “advance awareness and ...

Where's the Money? Monmouth Officials Demand Answers on Redirected 9-1-1 Taxes

June 18, 2018

FREEHOLD, NJ – An increase proposed in fees for 9-1-1 programming is getting backlash after an analysis shows that the funds are not being utilized as intended. According to a news release on Monday, Freeholder Director Thomas A. Arnone, Freeholder Deputy Director Lillian G. Burry and Sheriff Shaun Golden are calling on State officials to find out why Monmouth County has ...

Obituaries

Aug 28, 1938 - May 22, 2018
Karen A. Brooks, 79 of Colts Neck, passed away on Tuesday, May 22nd at Silver Care Center ...
Read more
Feb 2, 1936 - May 20, 2018
Margaret M. Woj, 82, of New Smyrna Beach, FL. passed away on Sunday, May 20th, 2018 in Port Orange, ...
Read more