Freeholders Adopt $487 Million Budget
Tax levy in 2012 spending plan held at $302 million for third year
The Monmouth County Board of Chosen Freeholders approved a $4.9 million spending plan by a unanimous vote Thursday at Middletown Town Hall. The 2012 budget is $4,150,000 less than last year’s, bringing the county’s spending to 2009 levels. The budget includes a $302,475,000 tax levy for the third year. With a shrinking ratable base, the county tax rate increased 3.5 percent, from 25.16 for each $100 of property value in 2011 to 26.06 cents in 2012. The budget includes no layoffs, though the county will continue a hiring freeze for non-essential positions. In response to a decline in revenue, the county expanded shared service offerings, cut its allocation to Brookdale Community College by $6 million, requested cuts from department heads, …
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