Miss Thiele Coles presents 2022 budget with no tax increase and strong revenue rebound

Middletown Township is set to maintain its financial stability with the proposed 2022 budget, which was presented during the Board of Supervisors meeting on November 15, 2021. The budget, totaling over $39 million in operating expenses and $8.3 million in capital expenses, comes with no proposed tax increase, a relief for residents amid ongoing economic uncertainties.

Miss Thiele Coles, the township's finance director, highlighted that the township ended 2021 in a stronger financial position than anticipated, thanks to a rebound in revenue sources, including COVID-19 reimbursements and funds from the Recovery Plan Act. This positive financial outlook allowed the township to avoid transferring $1.1 million from its investment fund to the general fund, a move that would have been necessary under less favorable conditions.

The budget presentation emphasized the importance of maintaining a balanced approach to revenues and expenditures, with a focus on controlling costs, particularly in salaries and benefits, which account for 88% of the budget. The township currently boasts a fund balance exceeding $61 million, with $44 million allocated to the investment fund.

Key highlights of the budget include continued investment in infrastructure and public safety, with a significant portion of expenditures directed toward police services. The township is also addressing fire response needs, following a recent fire services study, and has allocated funds for volunteer firefighter incentives.

The budget process will continue with a public inspection period, and the final budget is expected to be adopted by December 6, 2021. This proactive financial planning reflects Middletown Township's commitment to fiscal responsibility and community welfare, ensuring that residents can expect stable services without increased tax burdens in the coming year.