Report: Council Approves $25.8 Million Budget

A 42 percent tax rate increase is countered by lower average home values, The Press of Atlantic City reports.

Galloway Council unanimously approved a $25.8 million budget that included a 20.3 cent tax rate increase Tuesday night, The Press of Atlantic City reports.

The increase translates to a 42 percent increase, but is countered by a decrease in the value of the average home, according to the report.

The recent revaluation saw the average home value drop by about 29 percent and resulted in an $800 million loss for the township, according to the report.

The amount to be raised by taxes is $18.5 million, an increase of 1.6 percent, according to the report.


More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something
See more »