{"id":4346,"date":"2015-04-21T05:29:21","date_gmt":"2015-04-21T09:29:21","guid":{"rendered":"https:\/\/www.shorebeat.com\/brick\/?p=4346"},"modified":"2015-04-20T17:25:24","modified_gmt":"2015-04-20T21:25:24","slug":"brick-to-hold-public-hearing-vote-on-98m-budget-tax-increase","status":"publish","type":"post","link":"https:\/\/shorebeat.com\/brick\/2015\/04\/brick-to-hold-public-hearing-vote-on-98m-budget-tax-increase\/","title":{"rendered":"Brick to Hold Public Hearing, Vote On $98M Budget, Tax Increase"},"content":{"rendered":"
\"The<\/a>

The Brick Township municipal complex. (Photo: Daniel Nee)<\/p><\/div>\n

The Brick Township council will hold a public hearing Tuesday night before voting on the township\u2019s proposed $98 million operating budget<\/a> for 2015.<\/p>\n

The hearing is mandatory under state law; the council introduced the\u00a0$98,917,050 spending plan last night, which will be supported by a tax levy of $69,861,325, an increase of $1,949,786 over last year. The remainder of the budget is funded through state and federal aid, grants and other revenue sources.<\/p>\n

For a Brick resident with a home valued at $248,900 \u2013 the median value in the township \u2013 the municipal portion of the annual property tax bill would rise by $47.29. That amount represents the proposed increase in the municipal portion of residents\u2019 tax bills \u2013 the Board of Education and county have introduced their own budgets for 2015.<\/p>\n

The budget is set to increase by just 0.65 percent in 2015, though the tax levy will increase by 1.9 cents per $100 of assessed real property, primarily due to the lingering effects of Superstorm Sandy on the township\u2019s tax base, Mayor John Ducey has said.<\/p>\n

In Brick, Ducey said the tax base is still down $362,254,766 from pre-Sandy levels. That alone equates to a loss of $1,940,580 in tax revenue \u2013 nearly the entire increase this year \u2013 which must be paid by other residents. Additionally, Ducey said, the township must pay $3,726,150 in emergency note interest and principal payments related to storm cleanup. Altogether, Sandy-related expenses and the loss of tax base add up to $5,766,730 in the budget, equivalent to 5.62 cents on the tax rate.<\/p>\n

The hearing and vote will take place at the council\u2019s regularly scheduled meeting, which begins at 7 p.m. Tuesday at the township municipal complex on Chambers Bridge Road.<\/p>\n

<\/div><\/div>","protected":false},"excerpt":{"rendered":"

The Brick Township council will hold a public hearing Tuesday night before voting on the township\u2019s proposed $98 million operating budget for 2015. The hearing is mandatory under state law; the council introduced the\u00a0$98,917,050 spending plan last night, which will be supported by a tax levy of $69,861,325, an increase of $1,949,786 over last year. […]<\/p>\n","protected":false},"author":1,"featured_media":517,"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":false,"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":[1111,24],"class_list":["post-4346","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-government","tag-2015-municipal-budget","tag-brick-nj-news"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/shorebeat.com\/brick\/wp-content\/uploads\/2014\/08\/DSC_0129.jpg","jetpack_shortlink":"https:\/\/wp.me\/pgt2Ft-186","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/shorebeat.com\/brick\/wp-json\/wp\/v2\/posts\/4346","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=4346"}],"version-history":[{"count":0,"href":"https:\/\/shorebeat.com\/brick\/wp-json\/wp\/v2\/posts\/4346\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/shorebeat.com\/brick\/wp-json\/wp\/v2\/media\/517"}],"wp:attachment":[{"href":"https:\/\/shorebeat.com\/brick\/wp-json\/wp\/v2\/media?parent=4346"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/shorebeat.com\/brick\/wp-json\/wp\/v2\/categories?post=4346"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/shorebeat.com\/brick\/wp-json\/wp\/v2\/tags?post=4346"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}