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Middletown proposes 2025 budget with $58 million in fund balance and growing structural deficit
Summary
Township officials presented a proposed 2025 budget that preserves services and keeps millage at 19.025 but relies on $2.8 million drawn from fund balance to balance the general fund amid a projected structural deficit that could reach $2.8 million in 2025.
Middletown Township officials presented the proposed 2025 budget and authorized advertisement of the spending plan for public inspection and comment.
Finance staff said the township enters 2025 with more than $58 million in fund balance across funds but faces a structural general-fund deficit. The presentation described a structural deficit of about $1.5 million in 2024 that is expected to grow to approximately $2.8 million by…
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