The controversial but now successful Monmouth County property assessment program, implemented locally by Asbury Park’s County appointed Tax Assessor Erick Aguiar, has been recognized by the International Association of Assessing Officers [IAAO] – the Pulitzer of assessing awards. Known officially as the Real Property Assessment Demonstration Program [ADP], the procedural program was signed into law […]

The city’s credit rating received its highest upgrade to date from Moody’s Investment Services, Mayor John Moor announced Friday. Moody’s has given the 1.4 square mile community an A2 rating, meaning Asbury Park now moves into a low credit risk category for investors who purchase municipal bonds.  “In the 14 years that Moody’s has been […]

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 […]