Long Beach Township Budget Tax Rate Up Less Than Half a Cent

By JULIET KASZAS-HOCH | May 01, 2019
Source: Long Beach Township

Long Beach Township — Long Beach Township’s 2019 budget, introduced at the last Board of Commissioners meeting, includes a general tax rate increase of four-tenths of a cent. For an average homeowner in the municipality with a home valued at $940,000, this translates to a tax increase of approximately $37.

The commissioners will hold a budget hearing at their May 6 meeting, and hope to adopt the spending plan that day after answering any questions from residents.

Commissioner Joseph Lattanzi, who oversees finance in the municipality, offered up the budget preliminaries at the prior meeting. Ratables, he noted, come in at $7,985,271,000, an increase of $76 million. Meanwhile, the purpose tax from 2018 to 2019 has gone up by $502,000.

“The bottom line,” Lattanzi noted, “is that our general tax rate goes from 0.240 to 0.244, which is four-tenths of a penny. To put it in perspective, we’re always about the second lowest on the Island; usually Barnegat Light beats us out by a little bit. But again, we’re only raising by four-tenths. We don’t know what the other towns are doing this year.”

He added, “That additional increase brings in $316,000. For an average homeowner – at $940,000 – that increases their tax bill by about $37.”

Water and sewer rates remain unchanged.

“The bulk of our increases are going for health care and our pension systems,” Lattanzi said. “The healthcare increase is $120,000. The police and fire, as well as our other pension benefits, are $162,000, and COLA is $280,000.”

Lattanzi thanked new CFO Lydia D’Amore and auditor Brian Logan, who, he said, “do all the hard lifting here” when it comes to the budget.

The municipality’s 2018 spending plan increased taxes for an average homeowner by $37.46. J.K.-H.

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