City finance officials have reduced the amount of money to be borrowed to make up for a budgetary shortfall from $1 million to $650,000, city manager Terence Reidy announced at the Nov. 19 council meeting. The council originally passed a resolution authorizing the city to borrow $1 million to make up the difference, but the […]

The city council last night voted unanimously to rescind the bond ordinance that would have enabled the city to borrow $1 million to make up for a budgetary shortfall in that amount. A $1 million shortfall in the health care line item of the city’s 2012 municipal budget was announced at the Sept. 19 meeting. […]

The city council is scheduled to vote tonight on the introduction of an ordinance that would reduce the parking requirement for the Kinmonth Building’s redevelopment. The historic Kinmonth Building [right] is located on Mattison Avenue. Local developer Carter Sackman hopes to renovate the building, reactivating the historical Savoy Theatre and creating 64 new studio apartments […]

State Senator Jennifer Beck on Oct. 3 called for an investigation by the State Division of Local Government Services of Asbury Park’s finances, according to a prepared release from her office. Beck [pictured at right] called for the investigation due to the recent announcement of a $1 million shortfall in the health insurance line item […]