How many of Red Bank’s 3,326 homeowners does it take to cover the cost of healthcare insurance for the 23 elected and appointed officials who use it?
+ Thirteen, in the riverside enclave of Hubbard Park, where the average property assessment is $1.19 million. Collectively, the municipal tax receipts (excluding school and county levies) from every house on Hubbard match the $59,400 cost of insuring elected and appointed officials almost exactly.
+ Thirty-eight, going by the proposed townwide average local property tax bill of $1,556, which is based on an average assessment of $404,981 struck earlier this year.
+ Sixty-nine, on Bank Street, where properties are assessed at an average $224,350, according to Monmouth County records. Except that there are only 55 properties on that three-block street. So even after using every penny of local tax paid by Bank Street property owners to cover this cost, the borough still would need to come up with another $12,000.
That’s the math. Whether or not the spending is appropriate is a political matter and a hot one, it would appear, judging by a flurry of recent comments posted on redbankgreen. (See the comment trails beneath our stories on the budget, the appointment of Grace Cangemi to the council and elsewhere.)
As Mayor-elect late last year, Pasquale Menna appeared to agree that the issue of healthcare benefits for elected officials was worthy of serious reconsideration. But with a new budget moving forward and no changes to the coverage in evidence, the topic has yet to get a full public airing at the council. Where does Menna stand on it today, and what do each of the sitting council members have to say about it?
redbankgreen invites the mayor and council members to post their opinions on this site, just as all readers are encouraged to do the same.
Meantime, what follows is a Q&A with Borough Administrator Stanley Sickels conducted by email late last week in an effort to establish a basic framework of facts. It’s not an exhaustive review of the topic, but rather a starting point.