2024 - Adopted Budget

The Borough of Roosevelt, Monmouth County, has adopted its municipal budget for the fiscal year 2024. The budget includes appropriations for municipal purposes, school purposes in Type I School Districts, and other local school purposes. The total general revenues are $1,432,612.67, with $917,238.00 to be raised by taxation for municipal purposes. A hearing on the Budget and Tax Resolution was held on August 5th, 2024. The budget also includes a three-year capital improvement program from 2024 to 2026. Key projects include the Roosevelt Amphitheater Project, road improvements, and water-sewer improvements. The total estimated cost for all projects is $3,828,000.00, with funding sources including capital appropriations, the Capital Improvement Fund, and surplus funds. The 2024 budget provides for a dedicated water-sewer utility budget, with total dedicated revenues of $1,008,894.00. Appropriations for the utility include operating expenses, capital improvements, and debt service. The budget also covers details on the municipality's employee group insurance and levy cap calculation.