2012 budget

Asbury Park

Emergency budget appropriation approved

City seeks bond to make up for $1 million shortfall

By Molly Mulshine


A resolution enabling an emergency appropriation to close a $1 million gap in the 2012 municipal budget was approved unanimously at last night’s council meeting. This resolution will allow the city to seek a $1 million bond to pay off a shortfall in the budget’s line item for employee health insurance. Council voted on the […]

Read more →

Oct 04, 2012
Asbury Park

Negative outlook on city’s bond rating removed

Moody's Investor Services aware of budgetary shortfall

By Molly Mulshine


The city learned of a $1 million shortfall in the budget at last night’s council meeting, but  also received some good financial news — despite the budgetary discrepancy, Asbury Park’s bond rating has slightly improved. Previously, the city’s rating was Baa1 with a negative outlook. That negative outlook has been removed, making the city’s rating […]

Read more →

Sep 20, 2012