| 2026 Municipal Budget | ||||||||||||
| of the | TOWNSHIP | of | STAFFORD | County of | ||||||||
| OCEAN | for the fiscal year 2026. | |||||||||||
| Revenue and Appropriations Summaries | ||||||||||||
| Summary of Revenues | Anticipated | |||||||||||
| 2026 | 2025 | |||||||||||
| 1. | Surplus | 9,600,000.00 | 8,475,000.00 | |||||||||
| 2. | Total Miscellaneous Revenues | 7,101,042.13 | 8,298,392.79 | |||||||||
| 3. | Receipts from Delinquent Taxes | 360,000.00 | 380,000.00 | |||||||||
| 4. | a) Local Tax for Municipal Purposes | 46,999,706.67 | 43,550,784.25 | |||||||||
| b) Addition to Local School District Tax | 0.00 | 0.00 | ||||||||||
| c) Minimum Library Tax | 0.00 | 0.00 | ||||||||||
| Tot Amt to be Rsd by Taxes for Sup of Muni Bnd | 46,999,706.67 | 43,550,784.25 | ||||||||||
| Total General Revenues | 64,060,748.80 | 60,704,177.04 | ||||||||||
| Summary of Appropriations | 2026 Budget | Final 2025 Budget | ||||||||||
| 1. | Operating Expenses: | Salaries & Wages | 23,933,872.86 | 22,711,515.01 | ||||||||
| Other Expenses | 19,235,692.41 | 17,920,860.78 | ||||||||||
| 2. | Deferred Charges & Other Appropriations | 6,024,671.00 | 5,824,465.98 | |||||||||
| 3. | Capital Improvements | 847,425.00 | 1,031,325.00 | |||||||||
| 4. | Debt Service (Include for School Purposes) | 11,846,000.00 | 11,223,000.00 | |||||||||
| 5. | Reserve for Uncollected Taxes | 2,173,087.53 | 1,993,010.27 | |||||||||
| Total General Appropriations | 64,060,748.80 | 60,704,177.04 | ||||||||||
| Total Number of Employees | 250 | 246 | ||||||||||
| 2026 Dedicated | Water-Sewer | Utility Budget | ||||||||||
| Summary of Revenues | Anticipated | |||||||||||
| 2026 | 2025 | |||||||||||
| 1. | Surplus | 2,700,000.00 | 2,700,000.00 | |||||||||
| 2. | Miscellaneous Revenues | 16,633,000.00 | 16,360,000.00 | |||||||||
| 3. | Deficit (General Budget) | |||||||||||
| Total Revenues | 19,333,000.00 | 19,060,000.00 | ||||||||||
| Summary of Appropriations | 2026 Budget | Final 2025 Budget | ||||||||||
| 1. | Operating Expenses: | Salaries & Wages | 2,367,000.00 | 2,276,000.00 | ||||||||
| Other Expenses | 7,400,000.00 | 7,200,000.00 | ||||||||||
| 2. | Capital Improvements | 1,000,000.00 | 1,080,000.00 | |||||||||
| 3. | Debt Service | 6,915,000.00 | 7,851,000.00 | |||||||||
| 4. | Deferred Charges & Other Appropriations | 1,651,000.00 | 653,000.00 | |||||||||
| 5. | Surplus (General Budget) | |||||||||||
| Total Appropriations | 19,333,000.00 | 19,060,000.00 | ||||||||||
| Total Number of Employees | 29 | 29 | ||||||||||
| Balance of Outstanding Debt | ||||||||||||
| General | Water-Sewer | |||||||||||
| Interest | 10,273,211.90 | 4,427,736.50 | 14,700,948.40 | |||||||||
| Principal | 98,301,328.03 | 33,009,049.20 | 131,310,377.23 | |||||||||
| Outstanding Balance | 108,574,539.93 | 37,436,785.70 | 146,011,325.63 | |||||||||
| Notice is hereby given that the budget and tax resolution was approved by the | COUNCIL MEMBERS | |||||||||||
| of the | TOWNSHIP | of | STAFFORD | , County of | ||||||||
| OCEAN | on | March 31 | , 2026. | |||||||||
| A hearing on the budget and tax resolution will be held at | Town Hall | , on | ||||||||||
| April 28, | , 2026 at | 7:00 | o'clock PM at which time and place | |||||||||
| objections to the Budget and Tax Resolution for the year 2026 may be presented by taxpayers or | ||||||||||||
| other interested parties. | ||||||||||||
| Copies of the budget are available in the office of | the Municipal Clerk | at | ||||||||||
| the Municipal Building, | 260 East Bay Avenue, Manahawkin | New Jersey, | ||||||||||
| 08050 | during the hours of | 8:30 AM | to | 4:30 PM | . | |||||||