Municipal State Aid For Little Silver, Oceanport Identical to Last Year

Little Silver and Oceanport will receive the same amount of municipal state aid for the 2014 fiscal year as they did last year.

Governor Chris Christie recently announced that municipal state aid funding for all New Jersey towns would remain flat.

“This preserved funding means no town in Monmouth County will see a decrease in formula municipal aid for the upcoming year," Christie said in a news release. "It also demonstrates that providing stable, predictable levels of municipal aid to support local governments and taxpayers is a core priority of my Administration."

Little Silver will receive $585,662 in aid for the 2014 fiscal year and Oceanport will receive $542,848.

The release states that the 2012 statewide average property tax increase was just 1.4%, the lowest in 24 years.