The Atlantic County Board of Chosen Freeholders unanimously passed the $194 million budget proposed by County Executive Dennis Levinson in January on Tuesday, March 12.
The budget carries with it a tax increase of $30 for a home assessed at $100,000, according to the county.
“This year’s budget is more than a quarter million dollars less than last year,” Levinson said. “The freeholders had several weeks to review and they concur that this budget is an economically viable plan that upholds our conservative policies and practices.”
Since 2008, the county's equalized valuation has declined by nearly $13 million Levinson said. When he introduced the budget in January, Levinson spoke of the negative impact the declining casino industry and Superstorm Sandy have had on the county's financial state.
Earlier this week, Standard and Poor's and Moody's affirmed their high bond ratings for the county.
At Tuesday night's Galloway Council meeting, Township Manager Arch Liston stated the municipal budget would be introduced on Thursday, March 28.
