MANASQUAN — The borough introduced a proposed $11.8 million municipal budget for 2021 Monday night, which will carry a slight increase to homeowners municipal tax bill.
The total proposed municipal budget is $11,844,387, up from $11,699,35 in 2020, with $7,668,197 to be raised by taxes for municipal purposes, which is an increase of $270,872 from last year’s $7,397,325.
For a home assessed at the borough average valuation of $638,846, this year’s budget would carry a municipal tax bill increase of $63.88, according to borough Chief Financial Officer Amy Spera.
The proposed subtotal of general revenues — $4,176,190 — comprises $1,955,328 from anticipated surplus revenues, $2,010,861 from miscellaneous revenues and $210,000 from receipts from delinquent taxes.
The total beach utility budget is projected to be $2,497,956, and the total water and sewer utility budget is estimated to be $3,321,169.
A formal hearing and final adoption of the budget is scheduled for May 3 at 7 p.m.
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