Manasquan's 2017 municipal budget will be the subject of a public hearing Monday, May 1, at 7 p.m. in borough hall, 201 East Main Street.
The $28.8 million spending plan calls for a property tax rate of .339 cents per every $100 of assessed valuation, up a little more than 3 percent over the year before.
According to the budget document on the borough web site, property owners who on average paid $2,043.19 in municipal property taxes in 2016 will pay $2,105.30, an increase of 3.59 percent in 2017.
The amount to be raised in municipal taxes increased nearly $300,000 over 2016. The 2017 municipal tax levy is projected at $6,713,946,50, as opposed to the $6,481,042.88 projected in 2016.
In other budget components, the borough anticipates spending $7, 367, 525.54 on personnel. According to the budget document, Manasquan has 50 full-time employees and 245 part-timers. Base pay is projected at $5,135,518,91, with overtime and other compensation projected at $356,650.
Health benefits are projected at $860,321,73.
Pension payouts are projected at $738, 318.42.
The $28.8 million spending plan calls for a property tax rate of .339 cents per every $100 of assessed valuation, up a little more than 3 percent over the year before.
According to the budget document on the borough web site, property owners who on average paid $2,043.19 in municipal property taxes in 2016 will pay $2,105.30, an increase of 3.59 percent in 2017.
The amount to be raised in municipal taxes increased nearly $300,000 over 2016. The 2017 municipal tax levy is projected at $6,713,946,50, as opposed to the $6,481,042.88 projected in 2016.
In other budget components, the borough anticipates spending $7, 367, 525.54 on personnel. According to the budget document, Manasquan has 50 full-time employees and 245 part-timers. Base pay is projected at $5,135,518,91, with overtime and other compensation projected at $356,650.
Health benefits are projected at $860,321,73.
Pension payouts are projected at $738, 318.42.
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