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Red Bank council adopts 2025 municipal budget, authorizes 2% tax increase
Summary
Red Bank Borough Council voted unanimously to adopt the 2025 municipal budget, using roughly $3.5 million in surplus to offset taxes and funding capital projects while keeping the local tax increase to about 2% (the transcript records an average homeowner impact near $100).
Red Bank Borough Council voted unanimously to adopt the borough’s 2025 municipal budget after a presentation by Chief Financial Officer Tom Seaman.
Seaman summarized the plan as a “tight budget” that relies on about $3.5 million in surplus to reduce the amount that must be raised through property taxes and reflects an overall 2% municipal tax increase that the council said remains within statutory caps. “We created a pretty good budget this year,” Seaman said during the council meeting, adding…
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