No New Recreation Improvements Planned
HOLMDEL, NJ – The annual process of designing, introducing and passing the municipal budget is underway in Holmdel. On Tuesday April13th, the Township Committee will meet to review and consider introduction of the 2021 Calendar Year budget.
Much will be similar to last year, a flat budget using similar surplus funds. A large capital budget (think trucks, buildings, equipment and other purchases with a longer useful life) of about 5.5 million is also being considered.
According to the budget documents, a number of factors are impacting the budget this year. Municipal debt service obligations are increasing nearly 7%, over $220,000. Pension contributions are increasing over 12%, nearly $250,000. Social Security contributions are increasing 15%, $115,000. Health insurance premiums increased over 9%, approximately $158,000.
The Administration noted that the increase would have been far greater on health insurance if they did not switch to the State Health Benefit Plan system.
Several other cost drivers were referenced:
• Significant increase in aid to the Fire Department for contractual and preventative maintenance, repairs, equipment, PPE, uniforms, and training.
• $65,000 in aid to the local First Aid Squad, an amount increased last year due to expenses associated with the pandemic. The First Aid Squad continues to have these increased expenses because of the pandemic, and therefore the proposal keeps the aid to the First Aid Squad at the 2020 level.
• Hiring an additional part-time staff member to assist with Information Technology. They currently only have one full-time employee in Information Technology with no official back up.
• Operating Expenses for Financial Administration were reduced, because work which was previously done by outside contract was brought in house when we made changes to the Department last year.
While there is no new recreation investments being considered, the proposed capital investments total $5,510,000 with the following breakdown:
- Public Facility Improvements $850,000
- Public Safety Vehicles $1,600,000
- Public Works Vehicles $500,000
- Community Development Vehicles $60,000
- Public Safety Equipment $220,000
- IT Equipment $200,000
- Recreational Facility Improvements $80,000
- Road Improvements $1,600,000 Public Safety Building Improvements $400,000
A detailed breakdown of the proposed budget can be viewed HERE – it also provides excellent detail on individual departments and their goals for 2021. The meeting details:
April 13, 2021 TIME: 7:00 PM Executive Session – 7:30 PM Public Session PLACE : Remote Meeting – Via Zoom https://us02web.zoom.us/j/89824789519?pwd=RHdTdGd5U3BDY1AwSzR3UnVnZzZTUT09
Click HERE for the agenda.