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Middletown beach operations report shows $412,052 net income; council discusses capital replenishment and parking tax
Summary
Finance staff reported beach revenues of $2,523,433 and expenses of $2,000,111 for fiscal year ending Sept. 30, 2025, yielding net income of $412,052 and a capital replenishment addition of $561,970 (ending balance $858,915); council discussed use restrictions, campground revenues, concessionaire contracts and a new state tax on daily parking.
The finance director presented the town’s beach and harbor financial report for the 12 months ending Sept. 30, 2025. Total revenues were $2,523,433 and expenses $2,000,111, producing net income of $412,052 for the combined beach, harbor master and campground functions. The beach operations posted net income of $261,055, the harbor master showed a loss of about…
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