The Asbury Park City Council has introduced a budget aimed at furthering affordable housing options and economic development through the implementation of measures outlined in the  2018 adopted master plan recommendations. The $48.5 million spending plan is a 3.1 percent increase over last year’s $47.04 budget; meaning a $25.05 increase for the average assessed home […]

The Asbury Park City Council introduced a 2018 budget Wednesday that comes with a lowered tax rate and, for the first time in years, calls for no Transitional Aid support from the state. “That’s a huge, huge thing for Asbury Park,” Deputy Mayor Amy Quinn said. Capabianco said while they requested no transitional aid dollars, […]

The Asbury Park 2017 municipal budget, unveiled Wednesday, would raise the average assessed homeowner’s taxes by $91, down 40 percent from last year.  The $44.5 million budget is $2.26 million over last year’s $42.27 million spending plan, a 5.34 percent increase. The proposed 1.264 tax rate translates to a $3,190 annual tax bill [a 2.89 […]

The Asbury Park City Council is scheduled to meet Wednesday in council chambers at City Hall. A closed executive session will start at 4:30 p.m., followed by a public workshop session at 6:30 p.m. and the regular council meeting at 7 p.m. Public participation takes place at the beginning of the regular meeting. Items on […]

City Auditor David Kaplan has completed his audit of municipal finances for 2012 and presented his findings and recommendations to the city council at last week’s council meeting. The city is required to have its finances audited annually. Kaplan’s audit listed seven recommendations for the city to address. City Manager Terence Reidy [above] and Chief […]

The municipal budget for 2013 still has not been brought to the council because the state is requiring all municipalities along the shoreline to submit FEMA [Federal Emergency Management Agency] applications prior to approving budgets, city manager Terence Reidy said. There are three different categories for FEMA applications, and one of those categories could impact […]

City officials recently announced a shortfall of $1,070,000 in the city’s 2012 budget more than a month after its approval — but according to former chief financial officer [CFO] Juan Uribe, those who put the budget together knew of the discrepancy all along. “This was a deliberate move suggested by the auditor to the city […]

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 […]

Chief financial officer Juan Uribe resigned after Wednesday night’s council meeting, according to city manager Terence Reidy. Reidy said Uribe handed him his letter of resignation at that time, with an effective date of August 16. City treasurer Christine Paulin will serve as acting CFO until a replacement is found, Reidy said. Uribe “didn’t elaborate […]