SPRING LAKE — The borough council unanimously adopted a $22 million municipal budget Tuesday night following a presentation and a public hearing.
According to Robbin Kirk, the borough’s chief financial officer, the overall spending plan for 2022 is divided into four parts: the current fund budget, the water and sewer utility budget, the beach utility budget and the pool utility budget.
The current fund budget is looking at just over a $1 million increase this year, with nearly half going towards a debt payment in relation to the recent improvements to Wreck Pond. Ms. Kirk added that none of the Wreck Pond debt payments are being offset with tax payer dollars.
The sewer and utility budget is seeing a decrease of $3,542.
Additionally, the beach utility budget is seeing a $322,393 increase, particularly due to state-wide minimum wage increases. $200,000 of the budget is reserved for debt payments relating to lifeguard equipment, as well as beachfront improvements.
The pool utility budget is seeing a $64,155 increase, with badge sale and locker sale revenues paying off debt services.
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