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Eatontown council delays adoption of 2021 municipal budget


Eatontown council delays adoption of 2021 municipal budget
Eatontown council delays adoption of 2021 municipal budget
EATONTOWN – Citing an incomplete review by the state, borough officials in Eatontown have moved the adoption of the 2021 municipal budget to a later meeting.
The budget was introduced on April 14 and a public hearing on the annual spending plan took place during the Borough Council’s May 12 meeting.
The council’s proposed $28.66 million budget will be supported by the collection of $19.7 million in taxes from Eatontown’s residential and commercial property owners.
During the meeting, Borough Auditor Bob Oliwa said the budget was not ready to be adopted. He informed the council members the New Jersey Division of Local Government Services had not finished reviewing the introduced budget and he said a complete review by the division was required for its adoption. ....

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Eatontown school board puts budget in place for 2021-22 academic year


Eatontown school board puts budget in place for 2021-22 academic year
EATONTOWN – The Eatontown Public Schools Board of Education has adopted a $26.7 million budget that will fund the operation of the K-8 district during the 2021-22 school year.
The budget, which was adopted by the board on April 26, will be supported by a tax levy of $17.7 million to be paid by Eatontown’s residential and commercial property owners.
The school district’s 2020-21 budget totaled $26.3 million and was supported by a tax levy of $17.4 million.
In 2020-21, the K-8 school tax rate in Eatontown was about 75.6 cents per $100 of assessed valuation. The owner of a home assessed at $360,000 paid about $2,722 in K-8 school taxes. ....

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