“You are going to find that in every town.” “Our insurance costs have gone up, health insurance costs went up,” he said. Those costs increased by more than $480,000 over last year, according to the preliminary budget. Valesi said the largest township spending increases went to health insurance costs, which take up $8.4 million or more than 18% of the budget. Monmouth County tax information has not been released. The Freehold Regional High School District, meanwhile, expects to boost its portion of taxes by $93 for the average assessed property. The Freehold Township Board of Education introduced a budget on March 22 that will increase the school district portion of the taxes by $91, according to the district. It does not take into account county taxes or those paid to the Freehold Township Board of Education and the Freehold Regional High School District. That is a 5.5% increase from the 2021 budget and a 3% increase in the portion raised by taxes.įor an average home assessed at $494,418, that represents a municipal tax increase of $40. Specifically, the committee approved the introduction of a $45.3 million budget, with $23.7 million raised by local taxes. More: Cops expel speakers at Freehold, Marlboro school board meetings who refused to wear masks More: Freehold Township school board meeting canceled by unmasked, even though mandate is ending “Our biggest fear is fuel prices and inflation, but we’ve received a little more surplus so we have a safety net for taxpayers.” Our revenues are back where they were,” Township Administrator Peter Valesi said. “We’ve really seen a recovery after COVID. Township Committee voted unanimously this week to introduce the spending plan, which will be the subject of a public hearing prior to the final vote on April 26. Watch Video: Freehold Township taxes remain low thank the mallįREEHOLD TOWNSHIP – A proposed $45 million budget would hike the municipal portion of the average property tax bill here by at least $40, according to township officials.
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