Introducing the township’s annual budget at this week’s council meeting, Toms River council members said that municipal taxes will remain flat for 2019.
After a public hearing later this spring, the council is planning to adopt a $130,241,659 operating budget.
Although spending will rise by $5,373,800 over last year’s budget, outside revenue sources, additional properties on the tax list following Superstorm Sandy improvements and the utilization of surplus funding, the tax rate will remain stable, meaning the owner of an average-valued home in Toms River will pay $1,728.62 in municipal taxes, which exclude school and county taxation.
However, while this year’s flat tax levy is good news for taxpayers, spending still rose and funding issues could pose more of an issue in the years ahead, officials warned.
“The real problem, and why we have an increase in our budget, is because of pensions and healthcare,” said Township Administrator Don Guardian, according to the online publication Toms River Shorebeat. “The increases every year are not sustainable long-term,” Guardian added.