The Middletown Town Council has approved a $90.8 million budget for fiscal year 2025, a 4.7 percent increase from the current budget year. The budget will now go to a second public hearing on June 17, when officials say tax rates will be discussed.
Under the current budget, the residential tax rate for residents is set at $8.65 per $1,000 assessed value, and the tax rate for nonresidents is $11.25 per $1,000. The tax rate for commercial property owners is expected to be $12.98 per $1,000.
The budget sets aside $6.4 million for capital improvements across the city, including $4.2 million for a new middle high school. The budget also includes $180 for the annual payment for sewer services, $25 for weekday parking fees, $35 for weekend and holiday parking fees, and $90 for resident seasonal beach passes and $180 for nonresident seasonal beach passes.
The budget also includes $85,000 in funding for the Middletown Prevention Coalition.
“We put a lot of work into this budget and making sure everything was 100 percent,” said Town Administrator Shawn Brown. “I’ve said it before and I’ll say it again that people just want some predictability with this process and that’s what we’re trying to deliver here.”
“The main thing is to get it right. That’s what we strive for every time,” said Council President Paul Rodrigues. “We make decisions based on what’s best for the whole town.”
Read more on this from the Town of Middletown here – Fiscal 2025 Budget Approved.
Generative artificial intelligence (AI) assisted a What’sUpNewp journalist with the reporting included in this story.
