Atlantic County's 2013 budget released - NBC40.net

Atlantic County's 2013 budget released

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ATLANTIC COUNTY -

A special budget presentation was given Tuesday afternoon at the Atlantic County Board of Freeholders meeting as County Executive officially released the 2013 county budget.

A budget that many say they are proud of.

"We are pretty proud of the budget we put together this year," expressed Atl. Co. Executive Dennis Levinson.

 $194 million that is the budget that Atlantic County will have to work with for 2013 fiscal year."

All and all when you consider the economic downturn not only in Atlantic City, the equalized value fallen by billions the state, the country the way it is, the economy; Atlantic county is in pretty good shape," Levinson said.

The 2013 county budget saw a .04% decrease from the 2012 budget, showing that officials have been financially responsible with keeping the budget in order.

"Keeping them fiscally tight as Atlantic County does is going to have the least amount of impact of taxpayers," explained Freeholder Chairman Frank Formica.

"Having a good budget is going to help the taxpayers for sure," said Levinson.

According to County Executive Dennis Levinson, the amount of money raised by taxation this year is nearly $4 million less than allowed by the state budget cap.

And based off current available information, the county's equalized tax rate will remain fairly stable, making county officials happy with the current budget especially after facing so many economic challenges over the years.

"This is a product of our frugality throughout the years.  When things were good here in Atlantic County and the State of New Jersey we made sure we saved for a rainy day and this is a rainy day," explained Levinson.

According to Levinson, the budget attests to the bipartisan cooperation of the county freeholders and fiscal policies of the county's financial staff.

 

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