AVON-BY-THE-SEA — The Board of Commissioners introduced a $6 million municipal budget for the fiscal year of 2023 on Monday, and also discussed plans for the renovation of Volunteer Park.
The budget introduction was approved by Commissioner John Magrini and Mayor Ed Bonanno. Commissioner Robert Mahon was not present for the meeting. A public hearing on the spending plan is scheduled for Monday, May 8 at 7 p.m.
The tentative budget of $6,062,234.31 would require $3,642,813.42 to be raised in property taxes, which would include $485,691.10 in library taxes.
If approved, the budget would trigger a third-of-cent increase in the library tax rate but no increase in the municipal tax rate. A home assessed at $1 million would pay an additional $1.35 for the year.
In comparison, taxes will be raised this year compared to being lowered last year.
For more on this story, read the next edition of The Coast Star—on newsstands Thursday or online in our e-Edition.
Subscribe today! If you're not already an annual subscriber to The Coast Star, get your subscription today! For just $38 per year, you will receive local mail delivery weekly, with pages and pages of local news and online access to our e-edition on Starnewsgroup.com.
Check out our other Avon-by-the-Sea stories, updated daily. And remember to pick up a copy of The Coast Star—on newsstands Thursday or online in our e-Edition.
