RED BANK: TAX INCREASE ON AGENDA

michael ballard 051320Councilman Michael Ballard during an online meeting in May. (Click to enlarge.)

By JOHN T. WARD

red bank taxesDelayed by the COVID-19 pandemic, Red Bank’s proposed budget for 2020 would boost the amount to be raised from local property owners by 5.4 percent.

But heading into the final stretch, it’s not clear that the chairman of the finance committee will support the spending plan if it goes to a vote Wednesday night.

The $23.19 million spending plan calls for $14.17 million to be raised from borough taxpayers, up from $13.45 in 2019.

That’s excluding school, county and open-spaces levies that get folded into property tax bills.

To get there, the borough has to exceed a state-mandated 2.5-percent budget cap by an additional 1 percent, or nearly $180,000, putting the overall increase in spending at $629,000.

A new tax rate is not specified in the budget. In 2019, the owner of a residential property assessed at the town average of $366,231 saw a 2.23-percent increase, or $50.85 for the year.

At its introduction last month, Councilman Michael Ballard, who chairs the finance committee, said he could not vote in favor of it without changes.

“This is not a budget I would ultimately vote to pass,” he said. “I think there’s work that can be done and will be done on this budget before I would ever support it for final adoption. But I will move it forward on the caveat that there will be amendments coming forward.”

He did not specify where he wanted to see cuts.

As of Friday, however, the spending plan had not been amended, Business Administrator Ziad Shehady told redbankgreen.

Asked what changes he wanted to see, and if he would still vote against it, Ballard told redbankgreen by email only that “a list of proposed budget amendments has been submitted to the Administrator by the Finance Committee.”

Here’s the budget: Red Bank budget 2020

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