OCEANPORT: The borough council adopted the 2014 municipal budget during its April 3 meeting and no changes were made since its introduction last month.
The municipal budget totals over $7.8 million, down from $9.4 million in 2013. The 2014 municipal tax levy is $5.35 million, compared to $5.18 million last year.
The tax rate has been set at 50.8 cents per $100 of assessed valuation, meaning the owner of a home assessed at average value of $435,124 would pay $2,253 in municipal taxes in 2014.
The largest increases in the budget from 2013 to 2014 are capital projects, which jumped from $56,000 to $75,000 and debt service which increased from $972,347 to $1,018,738.
You may not be getting all you can out of your browsing experience
and may be open to security risks!
Consider upgrading to the latest version of your browser or choose on below: