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Belmar council introduces amendment to 2025 budget; public hearing set for May 13
Summary
The Borough Council introduced a resolution to amend the borough's 2025 municipal budget, cited a modest change in the municipal tax rate and identified several cost pressures including higher pension and health insurance costs; the amendment will be advertised and a public hearing set for May 13.
The Belmar Borough Council voted to introduce a resolution (No. 2025-75) authorizing amendments to the borough's 2025 municipal budget and scheduled a public hearing on the amendment for the council meeting on May 13.
CFO Lorraine Grama summarized the introduced budget and the proposed amendments, saying, "Our total municipal budget when we introduced the budget was $24,138,604 and a penny." She told the council the amended figures change current-fund and utility totals and that the amended municipal tax rate is estimated at about $0.566 per $100 of assessed value, down from an originally projected $0.58 per $100. For a home assessed at the borough…
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