Tag: Budget

RED BANK – While Red Bank’s proposed 2026 budget will keep the municipal tax rate flat, the municipal purposes budget has grown by 7.74%, increasing taxes for the average home by about $231.75 for the year.

HOLMDEL – Township officials are moving to purchase the board of education-owned Adeline “Addy” Holmes Lubkert property for $1.03 million, while also considering a possible renewal of the $600,000 shared services agreement to preserve courtesy busing, as the district approved a tentative $76.3 million 2026-27 budget March 25.

HOLMDEL – As budget season begins, the Holmdel Board of Education (BOE) faces a deepening financial crisis. 

ASBURY PARK – Wide beaches and healthy dunes will be welcoming visitors and the Two River community as the summer tourism season begins. Officials have announced the Jersey Shore is “beach ready” due to a mild winter and minimal storms.

TINTON FALLS – Borough officials presented a 2025 municipal budget of just over $31 million that decreases the municipal tax rate by 2.12% while preserving the services residents have come to expect.

MIDDLETOWN – In a split vote, the Middletown Township Board of Education last week approved a 10.1% tax increase to cover the 2025-26 school district budget.

RED BANK – Growth and affordability can be a balancing act in communities like Red Bank, which faces rising municipal costs amid the need for critical infrastructure projects.

MIDDLETOWN – On Monday night, officials introduced the township’s approximately $102 million 2025 municipal budget. Of that, $65.7 million will be funded from local tax revenue.

RED BANK – Facing rising costs and a decrease in funding for the upcoming school year, the Red Bank Borough Public Schools District is eying a roughly 13% tax levy hike for the 2025-26 school year to generate $2.57 million in lost aid.

MIDDLETOWN – The Middletown Township School District could generate an additional $8.37 million in revenue for the upcoming school year through local taxes to help shrink an approximately $10 million funding gap for the 2025-2026 school year. But will residents favor a tax hike over school closures and redistricting?