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Red Bank finance director outlines modest COLA, continued tax‑relief match in FY27 estimate
Summary
Director Perry presented the Administration/Finance FY27 estimate, proposing a 2.25% COLA, continued tuition reimbursement and a requested county tax‑relief match; staff warned of higher legal and contract costs and noted an anticipated PEP dividend that offsets some insurance expense.
Director Perry presented the City Hall administration and finance proposed FY27 budget, telling commissioners the department aims to "ensure effective and transparent management of public funds to enhance community well‑being." The presentation emphasized fiscal responsibility, strategic budgeting and continued support for local initiatives.
Perry outlined the department structure and personnel plan, saying the office now oversees human resources, risk management, public affairs and, as of July 1, inspection technology. On compensation,…
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