The Arnone Report: Promises made, promises kept; a tax cut for Monmouth County
By Freeholder Director Arnone, Thomas[email protected].us
Monmouth County Freeholder Director Tom Arnone
Mother Nature may be playing tricks on us with the weather again – she’s bringing in extremely low temperatures, then teasing us with spring like weather in the 60s this past weekend. But there is no trickery here at the County, I made a promise last month that I would provide our residents with a much needed tax break, and I am holding true to the that statement, along with my fellow freeholders by proposing an overall tax cut of $4.5 million. This is the first time, I believe, that freeholders have ever decreased taxes to the county residents.
We propose collecting $302.5 million from property taxes, down from $307 million just last year. At the end of 2015, Monmouth County completed the sale of its two care centers which eliminated the yearly operating losses that the facilities have incurred for several years. The public auction of the two facilities generated $32.4 million in revenue; approximately $18 million more than was projected.
Posted: March 1st, 2016 | Author: admin | Filed under: Monmouth County, Monmouth County Board of Freeholders, Monmouth County News, Tom Arnone | Tags: Freeholder Director Tom Arnone, Monmouth County Board of Chosen Freeholders, Monmouth County News, Property Taxes, Tax Cut, The Arnone Report | 3 Comments »