Draft budget proposes 24% property tax rate decrease
June 14, 2023
The first draft of the borough budget for next year includes a 24% reduction in the property tax rate, authorizes nearly $7 million in general fund spending and reflects recent rate increases for water, sewage, power, trash pickup and harbor fees.
Borough officials and assembly members met for a work session June 6 to discuss the draft budget. Assembly members made suggestions to Borough Manager Jeff Good about the community’s goals and explored opportunities for cost savings. Good plans to investigate the feasibility of these suggestions, which may be reflected in subsequent budget draft...