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Oldmans introduces 2025 municipal budget with one-cent local tax increase; public hearing set for May 14
Summary
The Oldmans Township Committee introduced the 2025 municipal budget, which includes a $.01 increase and raises the local purpose tax rate from 0.167 to 0.177; the committee scheduled a public hearing for May 14 and approved a $48,831 increase to the temporary budget.
The Oldmans Township Committee on April 9 introduced the 2025 municipal budget, announcing a one-cent overall increase and a rise in the local purpose tax rate from 0.167 to 0.177. The committee made the draft budget available for public review and set a public hearing for May 14, 2025.
Committee members said the local purpose tax had not increased in several years; the finance office cited the small increase in the budget introduction. Jeff Newman moved to introduce the budget and Brian Porch seconded; a roll-call vote recorded William Ferrell III, Jeff Newman, John Pomponi, Brian Porch and Dean Sparks voting yes on Resolution 2025-61. The committee also approved Resolution 2025-67 to increase the temporary 2025 municipal budget by $48,831 to maintain operations until final adoption.
The introduction does not finalize tax rates — the public hearing on May 14 will allow residents to comment before the committee considers final adoption. The committee’s next procedural step is that staff will publish the budget for review and accept public comment at that hearing.
