Toms River Council Meets Tonight to Decide Budget Cap Bank
Council could also discuss name of softball complex on North Bay
After preparing a tax plan and township budget lower than the allowable 2 percent increase, Toms River is hoping to bank the remainder to possibly use in next year's budget.
By state law, municipal budgets can increase the tax levy and appropriations no more than 2 percent each year. Township Administrator Paul Shives said Toms River's proposed budget is significantly under that cap, and is asking the township council to approve "banking" that amount to possibly offset next year's budget.
Shives said the proposed 2012 budget is under the 2 percent cap for both appropriations and tax levy. The tax levy is $568,000 under, and appropriations are $8.6 million under the cap. Shives said the council may decide to bank those full amounts at its meeting tonight
"We are permitted to carry that ahead. So if next year we are over cap, we can use that if needed," Shives said.
Shives said the cap bank is a tool municipalities use to help plan for the coming year, and that while Toms River creates a cap bank each year, the township has yet to use it.
| For additional coverage on the proposed township budget, click here. Toms River will hold its budget hearing May 1 in town hall. |
Tonight the Toms River Township Council is scheduled to meet at 6 p.m. in town hall, for its regularly scheduled meeting.
On the agenda so far for tonight's meeting is the introduction of ordinances:
- to create three on-street ADA parking spaces on South Street and Windsor Avenue at the Toms River East Little League Complex.
- to ban the sale of firearms in the special improvement district downtown.
- to clarify and modernize the criteria and procedures governing the issuance of towing license.
The complete agenda is available online, here.
Township council members and Mayor Thomas Kelaher have a comments section to the meeting where the officials might give reports on township activities.
However if you can't make the meeting, you can view the broadcast live on the township website, here.