LONGPORT – The Board of Commissioners March 19 introduced its 2025 municipal budget with a 1-cent local purpose tax rate increase. Total appropriations are $13,262,921, up $1.2 million over last year.
A property owner with a house assessed at $1.224 million will pay an additional $202.92 for municipal services this year. The new tax rate is $.396 per $100 of assessed valuation, up 2.59% over last year, and the average tax bill will be $4,847.
The municipal tax levy is $7,894,211, up 3.95% over last year; the municipal library tax levy is $1,042,294; and the school tax for the sending district is $1,315,400. Add to that an estimated $12.5 million for county taxes, including health and open spaces, and the total budget jumps to $22,718,905.
The borough will use $850,000 in surplus funds to bolster the budget.
The borough’s total assessed valuation is $1.994 billion, up $27.5 million since last year, but homes are assessed at only 62.8% of true value. The borough has 1,590 residential properties and just 4 commercial properties.
With a bond rating of AA+, the borough carries $16.55 million in bonds and notes for capital improvements and the water and sewer utility.
The borough employs 29 full-time employees and 128 part-timers for a total personnel cost of $5.9 million, with the majority of salaries, $2.7 million, being paid to the 14 officers in the Police Department. Twenty-two employees receive medical benefits for a total cost of $541,596.
A presentation and public hearing on the budget will be held 4 p.m. Wednesday, April 16 at Longport Borough Hall, 2305 Atlantic Ave.
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