HAZLET – The Hazlet Township Committee has introduced a $21.07 million budget to fund the operation of the municipality during 2019.
During a meeting of the Township Committee on March 19, Mayor Scott Aagre, Deputy Mayor Michael Glackin, Committeeman Michael Sachs, Committeeman James McKay and Committeeman Tara Corcoran-Clark voted to introduce this year’s spending plan.
No member of the governing body commented on the budget upon its introduction.
The committee was scheduled to hold a public hearing on the budget on April 16. Committee members were scheduled to adopt the budget following the public hearing.
In 2018, Hazlet’s municipal budget totaled $21.3 million and was supported by the collection of $14.22 million in taxes from Hazlet’s residential and commercial property owners. Other revenues included $2.45 million from surplus funds (savings) and $4.09 million in miscellaneous revenues.
In 2019, the municipal budget totals $21.07 million and will be supported through the collection of $14.26 million in taxes from Hazlet’s residential and commercial property owners. Other revenues include $2.45 million from surplus funds and $3.96 million in miscellaneous revenues.
According to municipal officials, significant appropriations in the 2019 budget include Operating Expenses – Salaries and Wages, $8.19 million; Operating Expenses – Other Expenses, $9.69 million; capital improvements, $527,163; debt service, $1.45 million; and reserve for uncollected taxes, $1.08 million.
In 2018, the average home in Hazlet was assessed at $313,636. Municipal officials could not immediately say what the 2018 municipal tax rate was or how much the owner of a home assessed at the township average paid in municipal taxes.
In 2019, the average home in Hazlet is assessed at $325,550. Municipal officials could not immediately say what the 2019 municipal tax rate would be or how much the owner of a home assessed at the township average would pay in municipal taxes.
Municipal taxes are one item on a property owner’s total tax bill. Hazlet property owners also pay school taxes and Monmouth County taxes.
The amount a resident pays in property taxes is determined by the assessed value of his home and/or property, and the tax rate that is set by each taxing entity.