Tinton Falls CFO presents $31 million 2025 municipal budget, highlights $9.16M in capital work and expanded road program

Tinton Falls Chief Financial Officer Tom Fallon presented the borough’s proposed 2025 municipal budget to the Borough Council on April 15, saying the plan totals just over $31 million and uses $5,250,000 in surplus to replace expiring federal and state funds.

Fallon said the budget ‘‘provides necessary funding for all municipal services and for continued and increased capital investment in the borough’s infrastructure, parks, and equipment’’ and described a municipal revenue mix in which the amount to be raised by taxation represents about 58 percent of revenues.

The budget presentation mattered because it sets the borough’s tax and spending priorities for the year and schedules the public hearing and adoption timeline. Fallon told the council that the tax levy increase for municipal purposes is about 3.8 percent but, because assessed values rose, the municipal tax rate is projected to fall modestly to about 32.3 cents per $100 of assessed value.

Fallon provided figures and budget context: total revenues ‘‘just over $31,000,000’’; a beginning fund balance of about $10,980,000 as of Dec. 31, 2024; $5,250,000 of that planned to be used in 2025 leaving roughly…