RED BANK: PROPERTY TAX UP 4.7 PERCENT

Michael Ballard, who heads the finance committee, with Mayor Pasquale Menna at left, on election night last November. (Photo by John T. Ward. Click to enlarge.)

By JOHN T. WARD

Red Bank property owners may see a 4.7-percent increase in the local portion of their tax bill this year under a budget introduced Wednesday night.

The hike was driven by a drop in revenue, said Councilman Michael Ballard, including a halt by Riverview Medical Center of its customary payment in lieu of taxes.

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LITTLE SILVER TAXES ON THE RISE

little-silver-boro-hallLittle Silver’s tax rate is going up. (Photo by Dustin Racioppi; click to enlarge)

By DUSTIN RACIOPPI

A year after declining, taxes are about to rise in Little Silver.

The borough council introduced its 2011 budget Monday, a $10.1 million spending plan that will boost the tax rate 2.6 percent, or 1.3 cents per $100 of assessed property value. At 51.1 cents, that equates to a $65 annual increase for a home assessed at the town average $500,000, said Chief Financial Officer Laura Geraghty.

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RED BANK: BOATS, BONDS & BUREAUCRACY

boat-slipsThe newly rebuilt marina at Marine Park will no longer be reserved exclusively for Red Bank residents. (Click to enlarge)

Boat slips at Marine Park, a bond to cover pension costs and the red tape involved in opening a new business were among the topics tackled by Red Bank’s elected officials earlier this week.

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SNOW GETS SOME BLAME FOR TAX HIKE

plow-stuckA borough plow stuck in the snow on Mechanic Street on December 27. The cost of the storm is about to sock Red Bank property owners. (Click to enlarge)

Red Bank property taxes may rise again this year.

Blame the usual culprits of climbing health insurance and pension costs. Add in a steep increase in refunds for tax appeals. But don’t forget the snow.

Yes, the bill for the blizzard of December 26 & 27, which paralyzed the region for days afterward, has come due.

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