SPRING LAKE — The borough council on Tuesday night adopted the 2021 municipal budget, which will increase the annual municipal tax by $136 for homes assessed at the borough average of $2.2 million.
Borough Chief Financial Officer Robbin Kirk presented the budget at Tuesday night’s meeting, reviewing all four budgets that the borough operates.
Ms. Kirk said that the borough “ended up in some great financial shape” at the end of 2020, which is evident by the surplus balances that have been staying steady or slightly increasing.
“I think it’s apparent that you’re in the financial position that you’re in because of good management,” Robert Hulsart, the borough’s auditor, said. “Your budget is in excellent condition, everything considered the past two years.”
“We’ve been planning a budget for quite a few months,” Ms. Kirk said. “During the first quarter we were kind of holding off on things; again didn’t know where we were going with the pandemic, how things were going to operate this year and also we did have pool construction going on.
“During the second quarter — as the state starting reporting a drop in COVID numbers [and] cases throughout the state, vaccines were coming out — it was quite apparent that we were going to operate the beach as normal … so we started moving forward with finalizing our budget.”
The total of all of the borough’s budgets is $21,503,456; that includes $12,932,853 for the current fund; $3,639,682 for water and sewer utility budget; $3,340,371 for the beach utility budget; and $1,590,549 for the pool utility budget.
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