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Township Committee members adopt $6.8M budget for Millstone Township

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MILLSTONE – The Township Committee has adopted a $6.88 million budget to fund the operation of Millstone Township in 2020.

The municipal budget was adopted by committee members on June 3.

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The budget will be supported in part by the collection of $3.32 million in taxes from Millstone Township’s residential and commercial property owners. Other revenue will include the receipt of $852,717 in state aid and the use of $750,000 from the township’s surplus fund (savings).

Millstone Township’s 2019 budget totaled $6.45 million and was supported by the collection of $3.13 million in taxes from property owners. Other revenue included the receipt of $841,753 in state aid and the appropriation of $600,000 from the surplus fund.

From 2019 to 2020, appropriations have increased by $430,000 and the tax levy has increased by $190,000.

In 2019, Millstone Township’s municipal tax rate was about 16.7 cents per $100 of assessed valuation. The average home was assessed at $527,345. The owner of that home paid about $880 in municipal taxes.

In 2020, the municipal tax rate is projected to increase to 17.6 cents per $100 of assessed valuation. The average home is assessed at $528,310. The owner of that home will pay about $930 in municipal taxes.

Municipal taxes are one item on a property owner’s tax bill, which also includes Millstone Township K-8 School District taxes, Monmouth County taxes and a fire district tax.

An individual pays more or less in taxes based on the assessed value of his home and/or property, and the tax rate that is set by each taxing entity.

In the 2020 municipal budget, $1.17 million is appropriated for public works; $971,730 for general government; $855,722 for insurance; $498,520 for uniform construction code and code enforcement; $283,639 for statutory expenditures; $241,000 for utilities; $231,600 for shared services; $127,500 for municipal court and public defender; and $108,000 for parks and recreation.

Other selected appropriations include $94,700 for land use administration; $54,000 for public safety; $40,900 for health and human services; and $20,700 for landfill.

Millstone Township has 29 employees in 2020, the same number of employees as in 2019. The township does not have a police department. Police services are provided by the New Jersey State Police.

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