Middletown Township's Board of Supervisors is gearing up for significant changes in its budget for 2024, with a focus on maintaining community services while addressing rising costs. During the meeting on November 13, 2023, officials highlighted the Parks and Recreation Department's success in increasing program revenue, which is crucial for keeping fees reasonable for residents despite escalating costs.

The sanitation fund is set for a pivotal year, as 2024 marks the end of a five-year contract. Residents currently pay $401 annually for sanitation services, a rate that is below market value. As the township prepares to go out to bid for new contracts, officials anticipate a likely increase in fees but are committed to exploring various options to minimize the financial impact on residents.

In terms of capital projects, the proposed budget allocates $6.9 million for priority projects identified during budget workshops. This amount does not yet account for potential grant revenue or funds from other sources. The board emphasized that no capital expenditures will proceed without their authorization, ensuring oversight and flexibility throughout the year.

The investment fund remains robust, with a beginning balance of $40 million for 2024. The township successfully transferred $2 million from this fund to the capital fund, benefiting from higher interest rates that have also influenced real estate transfers in the community.

Additionally, the Highway Aid Fund is projected to receive $2.4 million in 2024, with a portion earmarked for road programs and essential public works services, including snow removal and traffic management.

The budget process is well underway, with the board set to consider the proposed budget for advertisement and potential approval on December 11, 2023. This proactive approach aims to ensure that the budget is adopted before the end of the year, allowing for timely implementation of community projects and services.