Commissioners Approve County FY24 Budget Tax Rate Reduced To 2015 Level

FLEMINGTON, NJ - Following a freeze in the county tax rate every year since 2018, the Hunterdon County Board of Commissioners, at the May 7th Board Meeting, approved the FY24 budget that will reduce the county tax rate to the 2015 level and continues to keep the County debt free for the 10th straight year.

Commissioner Shaun C. Van Doren, and budget co-liaison shared, "The FY24 county budget that reduces the tax rate to the 2015 level is not something that just happens by chance, but rather is the result of a detailed budget review process, where we go line-by-line through expenses, to ensure that taxpayer dollars are used wisely and sparingly."

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The county tax rate will reduce from 31.5 cents per $100 of assessed property value to 30.9 cents, under the $112,069,887.00 budget that was approved at the meeting.

The 2024 county budget leverages New Jersey Department of Transportation grant dollars by making matching investments in county infrastructure including bridges and roadway resurfacing. Additional infrastructure projects included in this budget document include repairs and upgrades to numerous culverts across the county and targeted improvements to county facilities.

Commissioner and budget co-liaison John Lanza said, "Freezing the county tax rate for the past five years was quite an accomplishment. This year, however, we exceeded our goal of freezing the tax rate by cutting it to the rate established in 2015. This year's budget is once again a demonstration of this Board's ongoing commitment to fiscal discipline and putting our taxpayers first.

As taxpayers continue to see rising costs all around, at the pump, at the grocery store, at car dealerships, and clothing stores, I am glad we can help provide some relief at the county level."

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The budget continues to make investments in public health and safety through a combination of state grants and county matching dollars for expanded clinical services for seniors, veterans, and the underinsured, along with the implementation of "Next Generation 9-1-1" in Hunterdon County.

In addition, the FY24 budget continues to follow the Commissioner Board's ongoing strategy of pay-as-go capital spending and keeps Hunterdon County debt free for the 10* consecutive year.

Commissioner Van Doren stated in closing, "I would like to thank my budget co-liaison, Commissioner John Lanza, for his support and involvement in the budget preparation; along with the entire budget committee for their collective work, County CFO Andrew Bernath, Deputy CFO Mike Franchini, County Administrator Brad Myhre, Deputy County Administrator Shana Taylor, and County Counsel Katrina Campbell."

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