Get Ready To See A Tax Increase This Year

taxes(1)For the first time in more than a decade, the Ocean County Board of Chosen Freeholders will introduce a budget this afternoon with an increase in the county’s tax rate, which is 25.4 cents per $100 of equalized assessed value. Freeholder John C. Bartlett Jr. said county officials expect to raise an additional $8.1 million this year through an increase in the tax rate of 1.8 cents per $100. The total 2010 county budget is $347.9 million budget, which itself has been pared down by $9.7 million from 2009. “There are huge problems we┬áhave to face in this budget. …. We had a substantial loss of revenue,” Bartlett said, who serves as director of finance on the five-member, all-Republican board.

Bartlett said the loss of revenue amounts to $16.6 million.

In addition to that, the county is seeing an increase in routine levies on county government emanating from state government.

More so, Bartlett said if there are any further surprises out of the state capital before the end of the calendar year, he expects the freeholders will have to look at furloughing its labor force as a contingency.

A four-day furlough would save $1 million for the county, he said.

Bartlett said the county would basically operate in its second year under a hiring freeze (essential appointments are reviewed on a case-by-case basis) and that there would be no promotions this year.

However, the county does negotiate labor agreements with 22 unions and would honor all of its contractual obligations, Bartlett added. APP

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4 COMMENTS

  1. “…We had a substantial loss of revenue,…”

    Yeah, so did I. However, I cannot tell my ex-employer to give me more retirement money. My Social Security will not be raised this year. However, my taxes will be raised. Therefore I have to cut down on my spending. How about the county doing the same? For instance – they don’t need 3 trucks and 6 men to fill one pothole.

  2. #2 You are entirely mis-informed and are doing a great diservices by not encouraging people to fight the reval and appeal their taxes. Once the reval year passes the assesments will be permitted to be off by 15%. NOW THIS YEAR IT NEEDS TO BE AT 100%. Do not be lazy fight your reval now or forevever hold your wallet !!

  3. To #2 – who said “for the majority of people in Lakewood, due to the revaluation, they will be paying less, even with this increased tax rate.”

    Would you be so kind as to let the readers know what the “tax rate” will be? Yes, if they keep the present rate, your taxes might go down. Generally if the valuations go down and the tax rate goes up to compensate and you will still pay the same. HOWEVER, being as the township, county, schools, etc. all want more money then they got last year, I can just about guarantee the tax rate will go UP and you WILL PAY MORE in taxes.

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