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Holmdel Receives $1.9 Million in State Municipal Aid

State aid remains flat from 2012.

Holmdel Township is receiving $1,990,433 from the state for its 2013 budget, according to numbers released from Trenton last week.

Last year, Holmdel Township adopted , while receiving the same state aid.

According to Gov. Chris Christie, no Monmouth County township will see a decrease in funding this year.

“Together with bipartisan reforms such as the 2 percent property tax cap, pension and health benefits changes, and a 2 percent cap on interest arbitration awards, we are delivering real relief to property taxpayers in New Jersey as evidenced by two consecutive years of the smallest property tax increases in two decades," Christie said in a news release.

Neighboring townships Hazlet and Colts Neck received $1,884,339 and $1,980,938 respectively.

Holmdel Dem March 13, 2013 at 04:14 PM
I guess this is good news. Now if we can just get the State to revamp how schools get funded, we would have true property tax relief.

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