Middletown reports stronger Q2 revenues after tax increase; fund balance now covers 3.8 months of expenses

Finance director Laura Hucklebridge presented the township’s Q2 financial update, reporting $32,000,000 in revenue year‑to‑date — 62% of the annual budget and roughly $5 million higher than the prior year, attributed to a 2026 tax‑rate increase. She told the board that April is the largest revenue month and that real property taxes accounted for $12.5 million (about 37% of total revenue). "We have $32,000,000 of revenue that we've received so far this year," Hucklebridge said.

Hucklebridge said total operating expenses through Q2 were $21,700,000 and that the general fund shows a surplus of just under $1,000,000. She reported $770,000 collected so far from stormwater fees and outlined capital receipts and transfers planned for the year. The finance director also noted the township received a GFOA award for the 2024 audit. The board did not take action on the report but directed staff to continue standard budget monitoring and follow up on capital spending schedules.