By KAYLA J. MARSH
Staff Writer
MIDDLETOWN – A public hearing on the $70.3 million municipal budget that will keep the township tax rate flat for 2016 is scheduled for May 2.
The Township Committee’s meeting that day will start at 8 p.m. and will be held at Town Hall.
At an April 4 Township Committee meeting, Chief Financial Officer Colleen M. Lapp said the introduced budget includes a tax levy of $51,116,061 – up approximately $706,191 or 1.40 percent from the 2015 levy of $50,409,869.
The introduced budget includes a municipal tax rate of .491 cents per $100 of assessed value, the same rate as last year’s budget.
The owner of a home valued at the township average of $402,547, is expected to pay $1,976.23 in municipal taxes – $32 more for the year or $2.67 more per month.
Lapp said the proposed municipal budget is well below the state-mandated levy cap and remains in full conformance with the state levy cap law.
