Category Archives: budget presentation

>Two Meetings Tonight That Shouldn’t Be Missed; MIddletown Board of Ed and Middletown Library Board of Trustees

>If you are free tonight there are two meetings this evening that shouldn’t be missed, both the Middletown Board of Education and the Middletown Library Board of Trustees meet tonight.

If you attend the Middletown BOE meeting you will find out that Interim Superintendent Thomas Pagano has submitted his resignation, if lucky you will find out why.
I have been told that he is leaving due to health reasons, evidently he is very sick and can’t perform his duties as Superintendent of Schools. Funny, that is the same reason that recently elected BOE member Bob Banta gave when he handed in his resignation after only 1 board meeting.
If you happen to stop by the Middletown Library tonight, Library Director Susan O’Neal should be presenting the projected library budget (history and forecast) to the board of trustees.
From what I understand, it will demonstrate that transferring $500K of surplus funds to the township will mean the libarary will not recover to the 2010 funding level until 2022.
Knowing this, would the library board, as advocates for the library, vote for this transfer of funds to the Township? More than likely so, but should be? I think not, at least not all of it. The library is transferring nearly $250K more to the Township than legally required to do.
Both meetings should be interesting.

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Filed under Board of Trustees, budget presentation, Middletown Board of Education, Middletown Library, resignation, school superintendent, surplus funds, Susan O'Neal

It’s Your Town Newsletter Volumn 2, Issue 12, 6/21/10: The Budget Presentation

This is the first of two newsletters coming this week due to the fact that there were two separate Township Committee meetings held on June 21,2010 this month.

This first newsletter deals with the special budget meeting held earlier in the evening before the regularly scheduled meeting of the night. It includes the presentation of the Township budget for calendar year 2010 (which began in January) that was given by Middletown’s CFO Nick Trasente.

The second newsletter coming later in the week will deal with the regular business meeting for the month.

Please read and pass this newsletter on to your friends in Middletown. This budget will affect every homeowners pocketbook, there is a 12.87% increase in our municipal taxes for this year. The budget is 63 pages and can be found here, it has comparissons of what was spent on line items from last year and because of this, residents will be able to see where the increases in the budget are.

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Filed under budget presentation, Its Your Town, Middletown, Middletown Township Committee, Newsletter, Nick Trasente, township budget