POINT PLEASANT BEACH — The Point Pleasant Beach Borough Council adopted the 2025 municipal budget, totaling $19,020,453, at its Tuesday, May 6, meeting.
The budget figure of $19,020,453 is a decrease of $374,903 from the prior year’s total realized revenue of $19,395,356.
Homeowners in Point Pleasant Beach can expect to pay a rate of 48.4 cents for every $100 of assessed property value, or 1.3 cents more than 2024. The local tax rate is estimated to increase by 2.76% in the 2025 fiscal year over 2024. This translates to a $178,966 increase in the tax levy, from approximately $9.9 million to $10,080,002, year over year.
A home assessed at the borough average of $578,482 would pay $90.37 more in municipal purpose taxes in 2025 than 2024, totaling $2,799.85.
At a budget workshop held on April 1, Borough Administrator Christine Riehl broke down the budget based on percentages, giving residents an idea of where allocated funds were going.
“Our direct employee cost is 50.9% of this total overall budget,” she said. “Our liability insurance is 0.2%, debt service is 13.8%, the reserve for uncollected taxes is 2.8%, capital funds are 0.4%, deferred charges are 0.3%, grants are 1.9% and then all other operating line items are 29.7%.”
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