{"id":19717,"date":"2022-03-24T03:02:50","date_gmt":"2022-03-24T07:02:50","guid":{"rendered":"https:\/\/www.shorebeat.com\/brick\/?p=19717"},"modified":"2022-03-24T03:47:59","modified_gmt":"2022-03-24T07:47:59","slug":"brick-facing-higher-costs-in-2022-but-average-tax-hike-held-to-48-per-year","status":"publish","type":"post","link":"https:\/\/shorebeat.com\/brick\/2022\/03\/brick-facing-higher-costs-in-2022-but-average-tax-hike-held-to-48-per-year\/","title":{"rendered":"Brick Facing Higher Costs in 2022, But Average Tax Hike Held to $48 Per Year"},"content":{"rendered":"
\"Brick<\/a>

Brick Municipal Building \/ Photo: Daniel Nee<\/p><\/div>\n

Brick Township is facing significant increases in state-mandated assessments and insurance premiums in 2022, as well as higher labor costs, but Mayor John Ducey said this week that his proposed spending plan for the year was aimed at reducing expenses elsewhere and maintaining as stable a tax rate as possible.<\/p>\n

To that end, Brick residents will pay more in municipal taxes this year, but the increase for a resident with a home assessed at $251,800, the township\u2019s average, will see an increase of $48 per year, about 13 cents per day. The tax rate will increase 1.9 cents per $100 of assessed real property value to 76.6 cents.<\/p>\n

Ducey cited several items that have risen in cost significantly over last year. Trenton has mandated a $500,000 increase in the amount it assesses the local government to plug holes in its pension system, and wage increases within the township\u2019s police department \u2013 the largest department in the township \u2013 will rise by $529,000. Bond principal repayments will rise by $587,443, and the most dramatic increase has come from the township\u2019s insurance carrier, which is imposing a hike of $1,580,000 in premiums for 2022.<\/p>\n

\u201cWe worked with our department and division heads to go over the budget to look for opportunities to stabilize or reduce costs,\u201d said Ducey, who introduced the township\u2019s 2022 budget Tuesday night. \u201cThis is something we do every year. I\u2019m proud of this administration and council\u2019s record on spending management.\u201d<\/p>\n

Ducey said that during the nine years he has been in office, the budget has increased an average of $1.4 million per year, compared to $4.5 million annually in the nine years prior. Ducey attributes the budget stabilization to a \u201crecord of fiscal conservatism\u201d as well as a plan on which his administration has been focused for nearly a decade \u2013 reducing debt load. Indeed, the township\u2019s debt has been reduced by $18 million over eight budget cycles.<\/p>\n

The township\u2019s overall operating budget this year will be $111,254,968, supported by a tax levy of $80,547,357. The remainder of revenue comes in the form of federal and state aid, grant funding and ancillary fees and contracts.<\/p>\n

\u201cThis makes up about one-third of your tax bill,\u201d said Ducey.<\/p>\n

The bulk of one\u2019s property tax bill goes toward the Brick public school district, with Ocean County, local fire districts and smaller taxing entities such as the county library system and open space funds making up the remainder.<\/p>\n

Brick will keep $13733,718 in surplus this year. During Ducey\u2019s tenure, the surplus balance has risen over $10 million. At one point, the township government had been using as much as 99.42 percent of its total surplus fund to balance the operating budget, leaving little to no funds available for emergencies.<\/p>\n

\u201cEvery year I stress the important of having a healthy surplus balance, as it is an indicator of fiscal health for a municipality,\u201d Ducey said.<\/p>\n

The township council on Tuesday night unanimously introduced Ducey\u2019s budget as part of a resolution. Under state law, the budget will be subject to state approval, a formal public hearing and second vote before it is finally adopted. That hearing was scheduled for the April 26 council meeting.<\/p>\n

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Brick is facing significant increases in state-mandated assessments and insurance premiums in 2022, as well as higher labor costs<\/p>\n","protected":false},"author":1,"featured_media":3985,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[2],"tags":[4623,24,29,4484,92],"class_list":["post-19717","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-government","tag-2022-operating-budget","tag-brick-nj-news","tag-brick-township-council","tag-featured","tag-john-ducey"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/shorebeat.com\/brick\/wp-content\/uploads\/2015\/03\/checkbook_township.png","jetpack_shortlink":"https:\/\/wp.me\/pgt2Ft-581","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/shorebeat.com\/brick\/wp-json\/wp\/v2\/posts\/19717","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/shorebeat.com\/brick\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/shorebeat.com\/brick\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/shorebeat.com\/brick\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/shorebeat.com\/brick\/wp-json\/wp\/v2\/comments?post=19717"}],"version-history":[{"count":0,"href":"https:\/\/shorebeat.com\/brick\/wp-json\/wp\/v2\/posts\/19717\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/shorebeat.com\/brick\/wp-json\/wp\/v2\/media\/3985"}],"wp:attachment":[{"href":"https:\/\/shorebeat.com\/brick\/wp-json\/wp\/v2\/media?parent=19717"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/shorebeat.com\/brick\/wp-json\/wp\/v2\/categories?post=19717"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/shorebeat.com\/brick\/wp-json\/wp\/v2\/tags?post=19717"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}