COLTS NECK, NJ – In an annual event for all New Jersey municipalities, Colts Neck joined the list of towns who adopted their 2020 Municipal Budget. There were time extensions for budget adoption granted by the state due to the pandemic. Also, the meeting to approve the budget was held online on June 10th.

The State of New Jersey, Division of Local Government Services, utilizes a 'User Friendly Budget' format in order to provide clear information to the public. You can view the Colts Neck Township budget HERE

In a sign of fiscal stewardship, the tax rate from 2019 to 2020 had no change. The rate was .26 last year and is .26 this year. The municipal purposes tax levy for 2020 was reduced by about $40,000. This reflects the difference between last year's tax levy of $7,852,954 to a slightly lower $7,812,121for 2020.

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Colts Neck has approximately 39 full time employees and 30 part-time employees. They recently outsourced most of the public works functions which helped offset the salary line in the budget.

One area of savings and efficiency that was notable in the budget related to shared services. The State of New Jersey, for a number of years, has encouraged the use of joint agreements to help stabilize taxes and provide more efficient services wherever possible. Colts Neck list several such agreements:

  • Police Dispatch services through Monmouth County
  • Vehicle Repairs and Maintenance through Monmouth County
  • Tree Removal through Monmouth County

In addition, the township works together with Colts Neck Board of Education for the following:

  • Gasoline
  • Snow Plowing
  • Mowing maintenance of Fields
  • Special Law Enforcement Officers at School

The township also has Court services addressed with Freehold Borough and Leaf Disposal with Holmdel Township. Colts Neck is one of the leading municipalities when it comes to embracing the savings and efficiency potential of shared services. 

During the public meeting, Mayor Rizzuto thanked all the Department Heads as well as the Commission Chairs, Township Administrator Kathleen Capristo and his fellow members on the Colts Neck Township Committee.