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Budget Highlights |
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The municipal budget constitutes the legal
authorization of the Borough of South Belmar to levy taxes and spend
public funds. The Borough of South Belmar operates on a fiscal year
basis. Our local government manages its operations by conforming to the
revenue and appropriations budget for that year. The revenue side of the budget consists of
various anticipated receipts which include state taxes and grants, local
fees, permits and fines. Interest earned, delinquent taxes, surplus and
the amount to be raised for local tax purposes must be equal to the
appropriation side of the budget. The appropriation side of the budget shows the line items necessary to meet the operations of our local government. This document must be prudent while also reflecting the needs of our community. Our municipal government is regulated and limited by spending cap’s which prevent the amount of increase over prior years appropriations.
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