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Red Bank commission approves budget with proposed tax increase; separate hearings set for tax rate
Summary
The Red Bank Board of Commissioners approved a city budget and a proposal for a tax increase on second and final reading; the commission said formal votes on the tax rate will take place at public hearings July 15 and Aug. 5.
The Red Bank Board of Commissioners voted to approve the city—udget and a proposed tax increase on second and final reading, but officials said the commission will hold separate public hearings and votes on the actual tax rate on July 15 and Aug. 5.
The vote, announced from the dais, carried on the budget and proposed tax increase. "Motion carries on second and final reading. Please note that this is not an actual vote on our tax rate because we do have to have a public hearing and separate votes on the tax rate because of the, the certified tax rate coming after we could publicly notice it properly," the mayor told the room.
The discussion drew extensive public comment. Several residents said the timing or size of a tax increase would hurt fixed-income…
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