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Toms River council introduces 2025 budget with no municipal tax increase, officials say
Summary
Township auditors and administrators presented a 2025 municipal budget that keeps the municipal tax rate flat, projects higher year‑end surplus and includes capital projects paid from fund balance rather than new debt.
Toms River officials introduced the township's 2025 municipal budget Wednesday, telling the council the municipal tax rate remains unchanged and the township plans expanded capital work while paying down debt.
"The municipal taxes will remain flat in the budget," said Jerry Conedy, partner at the accounting firm that audits the township. Conedy told the council the township ended 2024 with just over $52,000,000 in fund balance and expects to end 2025 with about $67,000,000 in surplus, citing payroll reductions and health‑insurance savings as drivers of the change.
Conedy outlined…
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