Middletown Township - Finance Department

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Finance Department

Nicolas Trasente, C.M.F.O.
Chief Financial Officer
Director of Finance

Debbie Ball, CPA, C.M.F.O.
Assistant Director of Finance

Middletown Township Finance Department
Johnson Gill Annex Building
1 Kings Highway
Middletown, NJ 07748-2594
Phone: 732-615-2093
Office Hours: Monday through Friday, 8:00AM - 5:00PM

Downloadable Documents:

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Frequently Asked Questions About the Budget

Understanding Your Estimated Tax Bill

2010 Introduced Municipal Budget Summary

2010 Introduced Municipal Budget

2010 Introduced Solid Waste Budget

2009 Annual Financial Statement

2009 Annual Debt Statement

2009 Capital Budget

2009/2010 MCIA Capital Budget

2009 Adopted Municipal Budget

2009 Adopted Solid Waste Collection District Budget

2008 Adopted Budget

2007 Adopted Budget

2006 Adopted Budget

General information for anyone interested in purchasing Middletown Township bonds through their brokers.(Updated October 10, 2006)

2006 Synopsis of Audit

2006 Corrective Action Plan

2008 Annual Financial Statement

2007 Annual Financial Statement

2006 Annual Financial Statement

This report is issued by the Chief Financial Officer pursuant to NJSA 40A:5-12. It is a verified, but unaudited statement of the financial condition of the Township as of December 31st, of each year.

2008 Annual Debt Statement

2007 Annual Debt Statement

2006 Annual Debt Statement

This report is issued by the Chief Financial Officer pursuant to NJSA 40A:2-41. It sets forth the Township’s:

Gross debt; Deductions;
Net debt;
Equalized valuations of the taxable real estate, together with improvements, for the last three fiscal years, and the average thereof.;
Net debt expressed as a percentage of such average of equalized valuations; and
Any other information or detail required by law or by the director. The amount of any item which is indefinite or unascertainable may be estimated.

Middletown Bond Ratings

Bond Ratings (updated April 1, 2004): Standard & Poor’s Corporation reconfirmed Middletown Township’s’ AA bond rating, with a “stable” outlook, on March 22, 2004. Moody’s Investors Service, Inc. also reconfirmed Middletown’s Aa3 rating on that same day. The ratings reflect the views of each respective rating agency only. An explanation of the ratings and the rating outlook can be obtained from each respective rating agency. A rating is not a recommendation to buy, sell or hold securities. There is no assurance that the ratings will remain in effect for any given period of time or that they will not be revised downward or withdrawn entirely by either such rating agency, if, in their judgment, circumstances so warrant. Any such downward revision or withdrawal of the rating may have an adverse effect on the market price of Middletown’s bonds.

Local Property Taxes & Government

The New Jersey State League of Municipalities offers an educational brochure to explain how decisions made in the state capital have over the years, worsened New Jersey�s chronic over-reliance on regressive property taxes.

Important Notices:

Comments on Proposed Budget Accepted Online