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RumsonGreen Risk

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2025 Budget Summary

BID #: N/A

DUE: 7/8/2025

VALUE: $22,477,123.96

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Executive Summary

The Borough of Rumson, County of Monmouth, has released its budget summary for the fiscal year 2025. The total general revenues are estimated at $22,477,123.96, with local taxes for municipal purposes accounting for $14,742,795.43. Appropriations include operating expenses, deferred charges, capital improvements, debt service, and a reserve for uncollected taxes, totaling $22,477,123.96. A hearing on the budget and tax resolution will be held on July 8, 2025, at 7:30 PM at Borough Hall where objections to the budget and tax resolution for the year 2025 may be presented by taxpayers or other interested parties.

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Document Text

--- Document: 2025 Budget Summary Document ---
of the
RUMSON
County of
for the fiscal year 2025.
2025
2024
1. Surplus
2,800,000.00
$         
2,635,000.00
$        
2. Total Miscellaneous Revenues
4,564,328.53
           
4,146,953.99
          
3. Receipts from Delinquent Taxes
370,000.00
              
400,000.00
             
4. a) Local Tax for Municipal Purposes
14,742,795.43
         
14,233,281.12
        
b) Addition to Local School District Tax
-
                           
-
                          
c) Minimum Library Tax
-
                         
-
                        
             Tot Amt to be Rsd by Taxes for Sup of Muni Bnd
14,742,795.43
         
14,233,281.12
        
                              Total General Revenues
22,477,123.96
$       
21,415,235.11
$      
2025 Budget
Final 2024 Budget
1. Operating Expenses: 
Salaries & Wages
6,133,446.00
$         
6,132,005.24
$        
Other Expenses
9,318,116.65
           
8,795,369.92
          
2. Deferred Charges & Other Appropriations
1,557,728.35
           
1,513,980.00
          
3. Capital Improvements
2,812,419.85
           
2,718,292.00
          
4. Debt Service (Include for School Purposes)
1,400,006.00
           
1,032,119.00
          
5. Reserve for Uncollected Taxes
1,255,407.11
         
1,223,468.95
        
                       Total General Appropriations
22,477,123.96
$       
21,415,235.11
$      
Total Number of Employees
117
117
General
 
Interest 
490,208.82
$               
Principal
9,330,955.25
            
Outstanding Balance
9,821,164.07
$            
Notice is hereby given that the budget and tax resolution was approved by the
of the
, County of
on
, 2025.
A hearing on the budget and tax resolution will be held at
, on
, 2025 at
o'clock PM at which time and place
objections to the Budget and Tax Resolution for the year 2025 may be presented by taxpayers or
other interested parties.
Copies of the budget are available in the office of 
at
the Municipal Building,
New Jersey,
during the hours of
to
4:30 PM
.
80 East River Road, Rumson
Balance of Outstanding Debt
COUNCIL MEMBERS
BOROUGH
RUMSON
Borough Hall
July 8
7:30
07760
8:30 AM
Revenue and Appropriations Summaries
MONMOUTH
June 3
the Municipal Clerk
of
2025  Municipal  Budget
Summary of Revenues
Summary of Appropriations
Anticipated
BOROUGH
MONMOUTH
of

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2025 Budget Summary Document

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Municipal Clerk

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First Discovered

Apr 2, 2026

Last Info Update

Apr 2, 2026

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