Public Notice: Council to vote on $358,500 Funding for Downtown Toms River BID

Toms River Business Development
Corporation
2012 Operating Budget
Toms River Township Public Hearing
Tuesday, March 27, 2012
Revenue
Total Projected Revenue $358,500
$235,000 to be raised from taxes

Taxable S01 Ratables: $171,600,300.00
Taxable S02 Ratables: $ 59,247,000.00
Proposed tax rates:
S01 = 0.001314
S02 = 0.000400
$121,000 from special events (vendor &
attendee fees)
$2,500 from grants

Expenses
Total Projected Expenses $358,500

Highlighted Individual Committee Expenditures:
Land Use.. $15,000
Economic Restructuring……… $20,000
Promotions… $72,300
Cultural.. $10,000
Design. $12,500

2012 v. 2011
Notable emphasis changes from 2011 Council-Approved Budget:
- Incorporating special event management in-
house
(i.e. not renewing vendor contract)
- Hiring full-time Executive Director
- More investment in TRBID Economic
Restructuring Committee Budget
(e.g. Co-operative marketing of available
lease/sale retail & office space; production
of Business Recruitment/Retention piece)
- Heightened concentration on creation of the
Redevelopment Zone (TRBID Land Use
Committee)
- Introduction of a New Downtown Toms
River Gift Card Program- keeping business
local! TOMS RIVER BUSINESS DEVELOPMENT CORPORATION
2012 OPERATING BUDGET
TOMS RIVER TOWNSHIP PUBLIC HEARING
TUESDAY, MARCH 27, 2012
PUBLIC NOTICE
Take notice that the public hearing as to the 2012 Operating Budget of the Toms River Business Development Corporation shall be held on Tuesday, March 27, 2012. The hearing shall be held as part of the Toms River Township Council Meeting on that date beginning at 6:00 P.M. in the Toms River Township Municipal Building, 33 Washington Street, Toms River, New Jersey, in the L. Manuel Hirshblond Meeting Room. Formal action may be taken.
By order of:
J. Mark Mutter, Toms River Municipal Clerk

Posted by Ocean County News on Mar 6 2012. Filed under In the News. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.