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. 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.
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that the ratings will remain in effect for any given period of time or that they will not be revised downward or withdrawn entirely by either such rating agency, if, in their judgment, circumstances so warrant.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.
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2008 Introduced Budget